Gogo Shares Hit 5-Year Low Amid Starlink Competition
Gogo shares drop to a 5-year low as Starlink competition grows and net debt pressures rise. Upcoming 5G and Galileo systems could boost future performance.
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Alcon Raises Its Offer to Acquire Staar Surgical for $1.6 Billion
Alcon boosts its bid for Staar Surgical to $30.75 per share, valuing the company at $1.6 billion. The updated offer adds $150M in equity value and aims to secure shareholder approval after months of resistance.
Alexander & Baldwin to Go Private in $2.3B Deal
Alexander & Baldwin will be taken private in a $2.3B all-cash deal led by MW Group, Blackstone Real Estate, and DivcoWest. Shareholders will receive a 40% premium.
Starboard Pushes Clearwater Analytics to Boost Value Amid Buyer Interest
Starboard Value has taken a nearly 5% stake in Clearwater Analytics, urging the company to explore a sales process and improve performance as investors worry about acquisition integration.
Teleflex Sells Three Business Units for $2.03 Billion to Sharpen Strategic Focus
Teleflex announces $2.03B sale of Acute Care, Interventional Urology, and OEM businesses to streamline operations and focus on core medical technology markets while returning capital to shareholders.
Barclays Starts Coverage on Elanco With Overweight Rating
Barclays initiates coverage on Elanco with an Overweight rating and $30 target, highlighting improving sentiment in specialty pharmaceuticals and shifting focus toward innovation, margins, and lower debt.