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Boston Scientific and Silk Road Medical to Finalize $1.26 Billion Merger

Boston Scientific and Silk Road Medical are set to finalize their $1.26 billion merger in the “coming days,” following the expiration of the antitrust waiting period. Silk Road Medical, known for its stroke prevention devices, confirmed the update in a federal securities filing, stating that the Federal Trade Commission (FTC) had completed its review. The …

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White & Case Advises Air France-KLM on Strategic Stake Acquisition in Scandinavian Airlines

Global law firm White & Case LLP has advised Air France-KLM on acquiring a 19.9% non-controlling stake in Scandinavian Airlines (SAS AB), Scandinavia’s leading airline. The transaction, which follows regulatory approvals in Europe and the US, enables SAS AB to exit its Chapter 11 reorganization and Swedish restructuring proceedings. Air France-KLM’s investment was part of …

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Health Ministry Initiates Recruitment for Technical Resource Centres

The Union Health Ministry, in collaboration with the Indian Council of Medical Research (ICMR), is advancing efforts to establish Technical Resource Centres (TRCs) aimed at synthesizing and evaluating evidence to develop and promote evidence-based healthcare policies. These centres will play a pivotal role in formulating clinical guidelines and enhancing the adoption of best practices within …

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M&As in India Hit New Highs: Key Deals of Q2 2024

India’s dealmaking activity reached new heights in Q2 2024, with 501 deals valued at $21.4 billion—the highest quarterly volume since Q2 2022, according to Grant Thornton Bharat Dealtracker. Mergers & Acquisitions (M&A) and Private Equity (PE) deals collectively stood at 467, valued at $14.9 billion, marking a 9% increase in volume but a 28% decrease …

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Maverik Completes Colorado Rebrands, Donates $1 Million to Feeding America

Maverik celebrated the first anniversary of acquiring the Kum & Go convenience-store chain by completing its store rebrands in Colorado and donating $1 million to Feeding America, the largest domestic hunger-relief organization in the U.S. The celebration took place at the rebranded North Tower Road location in Denver, with Maverik CEO and “chief adventure guide” …

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McKesson to Acquire Controlling Interest in Florida Cancer Specialists’ Management Services for $2.49 Billion

McKesson Corp. has announced its agreement to acquire a controlling stake in Community Oncology Revitalization Enterprise Ventures LLC (Core Ventures) for $2.49 billion in cash. Core Ventures, a business and administrative services organization established by Florida Cancer Specialists & Research Institute (FCS), supports nearly 100 FCS clinics across Florida. The transaction will give McKesson approximately …

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Global M&A Deal Values Rose 11.7%, but Number of Deals Fell 12.9% in First Half of 2024: S&P Global Report

The total value of mergers and acquisitions (M&As) globally increased by 11.7% to $1.221 trillion during the first half of 2024, according to S&P Global Market Intelligence’s Q2 2024 Global M&A and Equity Offerings Report. Despite this rise in deal value, the number of deals fell by 12.9%, with only 19,415 transactions recorded in the …

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Citius Pharmaceuticals Announces TenX Keane Shareholder Approval of Merger with Citius Oncology, Inc.

Citius Pharmaceuticals, Inc. (Citius Pharma) has announced that shareholders of TenX Keane Acquisition (TenX) have approved the merger with Citius Pharma’s oncology subsidiary. The new public company will be named Citius Oncology, Inc. The merger, approved by the boards of both companies, is expected to close soon, pending certain conditions. This merger aims to enhance …

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India Leads Asia-Pacific Region’s M&A Deals in Q1 2024: S&P Global

India showed impressive numbers in merger and acquisition (M&A) deals in the Asia-Pacific region’s financial sector in the first quarter (Q1) of 2024, with 27 deals closed. This outpaced other countries in the region, such as Japan with 13 deals, Australia with 12, South Korea with 11, and Mainland China with nine, according to S&P …

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Crescent Finalises $2.1 Billion Acquisition of SilverBow Resources

US oil company Crescent Energy has completed its $2.1 billion acquisition of SilverBow Resources, becoming the second-largest operator in the Eagle Ford. After integration, the combined entity’s production capacity is expected to be around 250,000 barrels of oil equivalent per day (boepd). The cash and stock deal, announced in May this year, concluded ahead of …

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