Safety is being acquired by Mapfre in an all-cash deal valued at about $1.54 billion, offering shareholders $105 per share. However, Ademi LLP is investigating Safety's board for potential breaches of fiduciary duty and unfair terms that limit competing bids. The investigation focuses on whether the board acted in shareholders' best interests amid substantial benefits for insiders. This could impact the transaction's approval and shareholder rights going forward.
Sanofi has decided to stop the clinical development of amlitélimab, an antibody for moderate to severe atopic dermatitis, after strategic review showed insufficient efficacy and safety benefits. Despite some positive long-term results from the phase ...
Cadillac Mines Corporation has priced and upsized its initial public offering to $385 million, selling 47.1 million common shares at $6.90 each and 6.3 million special flow-through shares at $9.52 each. The offering includes a treasury sale raising a...
Cadillac Mines Corporation announced the pricing and upsizing of its initial public offering (IPO) to approximately CA$385 million, selling 47.1 million common shares at CA$6.90 each and 6.3 million special accretive shares at CA$9.52 each. The incre...
Deckers Outdoor reported a solid quarter with 5.7% year-over-year revenue growth, driven by strong sales from its Hoka (+7.7%) and UGG (+4.9%) brands. Although operating income was pressured by a 12.7% increase in selling, general, and administrative...
Volkswagen reported a 10% drop in second-quarter operating profit to 3.5 billion euros, missing expectations due to discontinuing its top U.S. electric vehicle and negative sales mix. The company revised its 2026 sales forecast downward to a range of...
