Coverage: GlaxoSmithKline is buying Tesaro for $5 billion
The cancer-focused biotech Tesaro is being acquired by pharmaceutical giant GlaxoSmithKline PLC for $5.1 billion. Adam Feuerstein of STAT had the news: The deal values Tesaro at $75 per share, or a 63 percent premium to Friday’s closing price. Tesaro’s drug Zejula belongs to a class of cancer drugs called PARP inhibitors that work by blocking an enzyme that […]
Coverage: Kellogg wants to sell its cookies and fruit snacks to focus on breakfast
Kellogg Co. is selling its Keebler, Famous Amos and fruit snacks businesses, making it the latest Big Food company to look to pare down to focus on its core. Dawn Kopecki and Lauren Hirsch of CNBC.com had the news: The maker of Special K cereal said Monday it is focusing on its morning foods, snacks and frozen foods brands, […]
Coverage: SAP is buying Qualtrics for $8 billion
SAP SE has agreed to purchase Qualtrics International Inc. for $8 billion in cash, the companies announced Sunday. Mike Murphy of MarketWatch.com had the news: Qualtrics, a Utah-based software company, had filed for an initial public offering in October hoping to raise about $200 million. Bill McDermott, chief executive of German-based software giant SAP, said Sunday the deal […]
Coverage: IBM is buying Red Hat for $34 billion
IBM Co. announced Sunday afternoon that it will acquire open-source software company Red Hat Inc. for $34 billion, helping IBM expand its reach as an enterprise cloud computing provider. Andrew Liptak of The Verge had the news: Red Hat describes itself as a leading provider of open source software and services for enterprise customers, focusing on cloud computing […]
Business Insider seeks a tech M&A reporter
Business Insider is hiring a full-time tech M&A deals reporter to work on the finance editorial team. The reporter will focus on breaking news on the biggest deals in the technology, media and telecommunications space — an industry that is rapidly transforming our lives. The reporter should already have a deep Rolodex of sources, a demonstrated […]
Mergermarket/Dealreporter hires Fathieh as reporter in LA office
Reyhaneh Fathieh has joined the Mergermarket and Dealreporter editorial team in Los Angeles, where she will be covering key industries in the region, including digital media and aerospace. Fathieh comes to us with a unique background that spans both journalism and investment banking. During her undergraduate years at the University of Virginia, she interned at […]
Coverage: Campbell Soup to sell international and fresh food businesses
Campbell Soup said Thursday it is selling its international and fresh food businesses as the 149-year-old condensed-soup maker struggles to regain its financial footing and refocus on its signature packaged foods. Lauren Hirsch of CNBC.com had the news: The company is unwinding efforts by former CEO Denise Morrison to branch into healthier and more fresh foods to […]
Coverage: PepsiCo is buying SodaStream for $3.2 billion
PepsiCo Inc. announced Monday that it is buying SodaStream International, the Israeli company behind the do-it-yourself soda maker, for $3.2 billion, betting big on seltzer water. Abha Bhattarai of The Washington Post had the news: Seltzer sales have grown rapidly in recent years, as brands like La Croix, Topo Chico and Polar become household names. Much of […]
Mergermarket seeks a reporter in Charlottesville
Acuris, a global publisher of financial news, data and analysis, is seeking a full-time Business News Reporter for its Mergermarket product to cover mergers and acquisitions and other corporate finance news. The reporter will be part of a growing team in Charlottesville providing coverage of middle market companies in the region. We are new to Charlottesville, but […]
Acuris seeks a bureau chief in Charlottesville
Acuris, a global publisher of financial news, data and analysis, is seeking a Bureau Chief to help set a new office in Charlottesville, Virginia, and build a team tasked with providing content for the products in our E&T (Equities and Transactions) divisions. This editorial position will see the Bureau Chief spearhead our editorial and content operations in the […]
