business
A source familiar with the matter said on Saturday, Medical-device maker Medtronic Inc and rival Covidien, are in advanced talks to combine in a deal valued at $45 billion to $50 billion. The person said, asking not to be named because the matter is not public, the deal, which would allow Medtronic to be domiciled…
BlackBerry Ltd said on Thursday it has signed a agreement with EnStream LP, a mobile payments joint venture owned by Canada’s three large wireless carriers, to provide a secure platform for transactions between banks and consumers. Waterloo, Ontario-based BlackBerry has been trying to reinvent itself under new Chief Executive Officer John Chen as its phones…
Tyson Foods reportedly won a bidding war to acquire Hillshire Brands Co (NYSE:HSH) on Monday, paying $7.7 billion for the Chicago-based maker of Jimmy Dean sausage and other meat products. Hillshire Brands Co (NYSE:HSH) stock performance was -0.15% in last session and finished the day at $61.97. Traded volume was 11.07million shares in the last…
Magnum Hunter Resources Corp (NYSE:MHR) CEO Gary Evans recently shared with CNBC his belief that convenient location makes these shale deposits extremely promising. “There’s not a better growth story in the United States for gas than the Marcellus and Utica,” Evans said. Magnum Hunter Resources Corp (NYSE:MHR) stock performance was -5.54% in last session and…
Broadcom Corp. (BRCM:US), struggling to make a dent in Qualcomm Inc.’s lead in chips that connect smartphones to mobile networks, said it’s giving up on that business. Broadcom is the latest company to say it won’t try to compete in baseband with Qualcomm, whose chips connect the majority of smartphones to high-speed, Internet-capable networks. Texas…
The U.S. drug maker offered Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) shareholders $24.50 a share, or $3.85 billion, for the developer of hepatitis C drugs. That’s almost quadruple the stock’s average unaffected price over the previous 20 days, the highest premium on record for any health care deal of at least $100 million, according to data compiled…
