Elliott Grabs 10%+ Stake in Norwegian Cruise Line, Eyes Major Turnaround
Activist investor Elliott Investment Management has grabbed over 10% of Norwegian Cruise Line shares and wants big changes to boost performance and guest fun.
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Danaher to Acquire Masimo in $9.9 Billion Deal – Boosting Patient Monitoring Tech
Danaher Corporation announces a major $9.9 billion acquisition of Masimo, a leader in pulse oximetry and patient monitoring. The cash deal at $180 per share strengthens Danaher's diagnostics business and aims to improve patient care in hospitals.
Big Shipping Deal: Germany’s Hapag-Lloyd Buys Israel’s ZIM for $4.2 Billion
Hapag-Lloyd is acquiring Israel’s ZIM in a $4.2B cash deal at $35/share (58% premium). The merger creates the world’s 5th-largest shipping giant while a new Israeli “New ZIM” keeps vital sea routes to Israel safe.
Warner Bros. Discovery Reconsiders Paramount Bid: Could Netflix Face a New Bidding War?
Warner Bros. Discovery's board is thinking about reopening deal talks with Paramount Skydance after its updated offer, which could spark a bidding war with Netflix.
Werewolf Therapeutics' Big Changes: Staff Cuts and New Leadership
Werewolf Therapeutics announces a 64% workforce reduction to save money, key executives leave with severance, and a new finance officer steps in as the company explores partnerships and funding options.
FDA Rejects Disc Medicine's Drug for Rare Sunlight Sensitivity Disorder, Shares Plunge
Disc Medicine's bitopertin gets turned down by FDA for treating EPP, a painful genetic condition making skin ultra-sensitive to sun.