Page 79 - Acquisition News Today

Indian Army has inducted a 46-metre modular bridge into its force, enhancing its engineers bridging capabilities. The bridge, designed by the Defence Research and Development Organisation (DRDO) and produced by Larsen & Toubro (L&T), is a mechanically-launched single-span assault bridge. The bridges are designed for quick deployment and retrieval, aligning with the fast-paced nature of mechanised operations.

Zydus will enter a competitive field, with an FDA decision on CymaBays PBC drug due in August. Gilead Sciences announced its acquisition of CymaBay for $4.3 billion earlier in February. Saroglitazar, currently in a mid-to-late-stage trial for PBC, is also being tested for Metabolic Dysfunction-Associated Steatohepatitis (MASH), a type of fatty liver disease."

Tuesday, the online marketplace for pet care services, Rover Group, Inc. (ROVR), announced the completion of the acquisition by private equity funds linked to Blackstone (BX) in an all-cash deal worth about $2.

In 2023, M&A deals in India decreased by 10% and total deal value declined by 38%. However, Indias appeal to international investors remained strong, with solid economic fundamentals and an anticipated upswing in 2024.

Zimmer Biomet Holdings Inc.’s Rosa robotics surgical assistant snapped up its fourth application with the U.S. FDA’s 510(k) clearance for use in shoulder replacement surgery. Over the past five years, the system has built a portfolio that includes partial and total knee replacement and total hip replacement.

Jaclyn Johnson sold her female founder-focused events company in 2021 for $22 million. Now, she’s buying it back at what Forbes estimates is a slashed valuation and plans to return to its in-person roots.

Following several days of media speculation, Italian speciality paper company Fedrigoni has confirmed a transaction with US firm Mohawk Fine Papers. The Italian manufacturer entered into a distribution agreement with Mohawk in September 2022. It has now acquired “certain assets” of the US producer in what appears to be some kind of ‘pre-pack’ deal. As

CSN, Huaxin Cement and Votorantim Cimentos bid for InterCement's Brazil business

Saint-Gobain may acquire CSR for US$5.44bn

Prioritising value creation over inflated valuations is crucial for the long-term health and sustainability of the ecosystem. While valuation measures a companys worth based on its perceived potential, value creation focuses on tangible benefits it delivers to customers, investors and stakeholders.