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Genmab Announces Closing of Private Offering of Senior Secured Notes and Senior Unsecured Notes
Globenewswire· 2025-12-03 20:03
Media Release COPENHAGEN, Denmark; December 3, 2025 Genmab A/S (Nasdaq: GMAB) (“Genmab”) announced today that it and its wholly owned subsidiary Genmab Finance LLC (“Genmab Finance”) have closed their previously announced offering of $1.5 billion of 6.250% senior secured notes due 2032 (the “Secured Notes”) and $1.0 billion of 7.250% senior unsecured notes due 2033 (the “Unsecured Notes,” and together with the Secured Notes, the “Notes”). Genmab intends to use the net proceeds from this offering of the Not ...
Mizuho’s Katz sees 'fertile' conditions driving robust M&A market into 2026
Yahoo Finance· 2025-12-03 19:56
By Sabrina Valle NEW YORK, Dec 3 (Reuters) - The "fertile" conditions driving dealmaking in 2025 will persist through the end of the year and ​into the next as CEOs look for scale and private-equity firms ‌offload aging assets, according to Michal Katz, Mizuho Americas head of investment and corporate banking. This year ‌was dominated by megadeals over $10 billion, which more than doubled year-over-year to $1.3 trillion through Tuesday, according to data compiled by Dealogic. That included an $85 billion ...
X @Bloomberg
Bloomberg· 2025-12-03 16:44
Teck and Anglo shareholders are due to vote this month on a mega deal to create a copper-rich mining giant, with the two coveted mines in Chile as a key driver of the merger. https://t.co/3OnOs5fGBl ...
Mercer Acquires $1B, 22-Person Team with Tax Skills
Yahoo Finance· 2025-12-03 14:00
Core Insights - Mercer Global Advisors has acquired Glass Jacobson Wealth Advisors, enhancing its presence in the Baltimore and Washington D.C. region with an additional $1 billion in assets under management [1][2] - The acquisition marks Mercer's 100th acquisition since 2016, indicating a strong growth strategy through consolidation in the wealth management sector [2] Company Overview - Mercer Global Advisors is a Denver-based registered investment advisor managing approximately $90 billion in client assets [1] - Glass Jacobson Wealth Advisors, founded in 1962, transitioned from an accounting and tax firm to a wealth management firm in 2001, growing its assets under management from about $477 million in 2020 to $1 billion [3][5] Strategic Rationale - The acquisition is seen as a strategic fit due to Glass Jacobson's strong fiduciary financial team and sophisticated tax practices, along with a robust bench of second-generation advisors [3][4] - The partnership aims to align values and fiduciary commitments, with incentives for both principals and second-generation advisors to foster continued growth [6][7] Team and Leadership - The acquisition adds a 22-person team managing over 660 wealth clients to Mercer [2] - Glass Jacobson's leadership includes John Dinkins, who has been with the firm since 2002 and holds a minority stake [5]
X @Bloomberg
Bloomberg· 2025-12-03 12:28
A record-breaking year for crypto mergers and acquisitions is facing a harsh reckoning https://t.co/QxUmk1EwXD ...
FrieslandCampina buys US ingredients firm Wisconsin Whey Protein
Yahoo Finance· 2025-12-03 10:48
Group 1 - FrieslandCampina plans to acquire Wisconsin Whey Protein to enhance its B2B ingredients segment, significantly increasing its whey protein capacity [1][2] - The acquisition is described as a "milestone" for FrieslandCampina's ingredients division, aiming to expand its market presence from Europe and Asia into North America [2] - The whey protein market is projected to grow at an annual rate of 6.6% until 2030, indicating a favorable environment for FrieslandCampina's expansion [3] Group 2 - FrieslandCampina reported a 6.4% increase in revenue to €6.8 billion ($7.9 billion) in the first half of 2025, with net profit rising by 25.7% to €230 million [3] - Operating profit increased by 20.6% to €363 million, driven by strong performances in the Specialised Nutrition and Ingredients divisions [4] - The company has acknowledged potential external headwinds that may pressure profits in the latter half of the year [4]
Perseus Mining Delivers Superior Proposal for Predictive Discovery
Globenewswire· 2025-12-02 23:02
PERSEUS DELIVERS SUPERIOR PROPOSAL TO ACQUIRE PREDICTIVE DISCOVERY PERTH, Western Australia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Perseus Mining Limited (ASX/TSX: PRU) (Perseus or the Company) is pleased to announce that it has delivered a definitive binding offer (Perseus Binding Offer) to acquire all of the issued shares in Predictive Discovery Limited (ASX: PDI) (Predictive) that it does not already own (Predictive Shares) via an Australian scheme of arrangement (Proposed Transaction or Scheme). Perseus cur ...
X @Bloomberg
Bloomberg· 2025-12-02 18:55
Comcast is looking to merge its NBCUniversal division with Warner Bros. Discovery https://t.co/tJ1qzCu7wr ...
How Will Gildan's Scale Change After HanesBrands' Acquisition?
ZACKS· 2025-12-02 17:45
Core Insights - Gildan Activewear Inc. has completed its acquisition of HanesBrands, significantly expanding its scale and brand portfolio in the activewear and innerwear sectors [1][10] - The merger combines Gildan's low-cost manufacturing model with HanesBrands' strong consumer brands, enhancing product innovation and operational efficiency [2][7] - Gildan anticipates at least $200 million in annual cost synergies from the acquisition, primarily through manufacturing efficiencies and supply chain improvements [4][10] Acquisition Details - The acquisition was structured as a combination of stock and cash, with HanesBrands shareholders receiving 0.102 Gildan shares and $0.80 in cash per share, addressing HanesBrands' prior debt obligations exceeding $2 billion [5][6] - Gildan financed the transaction through a $1.1 billion term loan, a $1.2 billion private placement of senior unsecured notes, and cash reserves [6] - Following the acquisition, HanesBrands was delisted from the NYSE and became a wholly owned subsidiary of Gildan, with all prior directors and officers resigning [6] Strategic Implications - The acquisition aligns with Gildan's strategy to expand its global footprint and diversify its product offerings, particularly in higher-margin apparel segments [7] - By leveraging Gildan's efficient operations and HanesBrands' premium brands, the company aims to drive revenue growth and improve shareholder returns [7] - Gildan's stock has performed well, climbing 23.7% in the past six months, outperforming the industry's decline of 17.4% [8]
Marvell Technology in talks to buy Celestial AI: report
Proactiveinvestors NA· 2025-12-02 16:50
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...