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BBCNEWS World Business Report August 9, 2021 04:38:00

Expenditure, rather. that is why aramco earnings are not just crucial for the company and the oil industry, but even for saudi arabia. that was sameer hashmi. let s have a look at the other main business stories. tobacco giant philip morris has raised its bid to buy respiratory drugmaker vectura to more than 1$.ii billion. vectura makes inhaled medicines and devices to treat respiratory illnesses such as asthma, and counts novartis and gsk among its customers. the marlboro cigarette maker increased its offer after us private equity firm carlyle offered 1.3 billion on friday. sir richard branson s virgin atlantic is exploring a possible listing on the london stock market to raise money to repair the airline s finances. the move could see shares offered to private investors as well as big city firms, but mean he loses overall control of his flagship business. cuba s communist government has legalised small and medium sized private businesses in the wake of mass anti government protests l ....

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UK pharma group Vectura agrees $1.4 billion takeover by Carlyle


UK pharma group Vectura agrees $1.4 billion takeover by Carlyle
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Last Updated: May 26, 2021, 12:27 PM IST
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Synopsis
Vectura s Chairman Bruno Angelici said the company had made strong progress since embarking on a strategy in 2019 to become a leading inhalation-focused CDMO, or contract development and manufacturing organisation.
Agencies
Vectura has 13 key inhaled and 11 non-inhaled products marketed by partners with global royalty streams, and a diverse partnered portfolio of drugs in clinical development.
Vectura Group, a British pharmaceutical company focused on inhaled medicines, said on Wednesday it had agreed a 958 million pound ($1.36 billion) takeover by global investment firm The Carlyle Group.
Shareholders will receive 136 pence in cash plus a dividend of 19 pence for each share under the terms of the offer, representing a 32% premium on the ex-dividend closing price of the stock on Tuesday, Vectura said. Vectura s Chairma ....

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Carlyle agrees £958m take-private of inhaled medicine specialist Vectura

Inhaled medicine specialist Vectura is set to be bought by private equity giant Carlyle after the firm agreed a £958m buyout of the UK business. ....

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