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SES signs exclusive supply agreement for ENTEK separators

Battery developer SES and ENTEK Membranes have announced an agreement to exclusively supply battery separation materials for the Apollo lithium metal hybrid battery cell recently unveiled by SES. The company is currently looking to expand as it plans to supply GM and Hyundai-Kia in the future. SES (formerly SolidEnergy Systems) and ENTEK focus on their […]

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UK Watchdog approves Thermo Fisher’s $ 21 billion PPD deal

By Matthew Perlman (December 3, 2021, 7:55 p.m. EST) – UK authorities have cleared laboratory equipment giant Thermo Fisher Scientific Inc. to acquire contract research organization PPD Inc for $ 20.9 billion .without flagging the deal for further consideration of its potential impact on competition in the UK The Competition and Markets Authority cleared the […]

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Richard Branson sold $ 1.4 billion stake in Virgin Galactic during pandemic

Richard Branson sold an additional $ 300 million ($ 421 million) of Virgin Galactic shares, again tapping his largest listed asset to support a business empire that suffered during the coronavirus pandemic. The billionaire landed 15.6 million shares – about 6% of the space travel company – through a company he controls, leaving him an […]

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Samsung Electronics streamlines its organizational structure

Samsung Electronics office in Seocho-dong, south of Seoul [NEWS1] Samsung Electronics is streamlining its structure to make it less bureaucratic and more meritocratic, removing the minimum number of years needed for promotion and merging two senior positions into one. The dramatic move puts the company at the forefront of structural reform for large Korean companies […]

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Upcoming IPO: Global Investors Prepare for Anchor Issue to Sell Parent Shares of All Shares in India

LIC IPO: Global Investors Line Up For Anchor Issue In India | Photo credit: iStock images Highlights The government has not announced the timing of LIC’s IPO, but DIPAM secy said earlier that the issue will open in the fourth quarter of fiscal year 21-22. Investment banks for LIC’s IPO have contacted global funds, investors. […]

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JSW’s steel arm, Piombino Steel, repays the entire loan amount

Piombino Steel (PSL), the wholly-owned subsidiary of JSW Steel, has repaid the entire loan used for the acquisition of Bhushan Power and Steel from the developer group company West Waves Maritime and Allied Services and acquired its stake from Magnificent Merchandise and Advisory Services. JSW Steel had acquired Bhushan Power and Steel via PSL in […]

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Norwegian company Telenor joins forces with Thai company CP in mobile telephony sector

Norwegian telecommunications operator Telenor said on Monday it had agreed to merge its Thai mobile unit with a local rival with the aim of creating a new major player in the market. Telenor and Thai conglomerate Charoen Pokphand (CP) have said they plan to combine their respective mobile units, Dtac and True, in a so-called […]

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Blank Check Company Yunhong International Announces Intention to Dissolve

Nov. 20 (Reuters) – Special Purpose Acquisition Company (SPAC) Yunhong International (ZGYH.O) announced in a regulatory filing Friday that it plans to liquidate the company. The blank check company, run by former investment banker Patrick Orlando, said it intends to dissolve and liquidate and repurchase all of its outstanding shares at $ 10.31 per share, […]

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Former WB boss criticizes new AT&T owners

Former Warner Bros. CEO Jeff Bewkes has expressed disappointment with the way AT&T has interfered with creatives and not left them alone. Former Time Warner CEO Jeff Bewkes does not keep his displeasure at AT&T management of Warner Bros. hidden. In 2016, AT&T began talks to acquire Time Warner which, after two years, became official […]

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US panel passes bills to strengthen PSPC oversight

Dive brief: TThe House Financial Services Committee passed two bills aimed at strengthening protections for investors in Special Purpose Acquisition Companies (SPACs), so-called blank check companies that have exploded as cheaper and faster alternative to raising capital than traditional initial public offerings. A bill would prohibit after-sales service who do not adhere to the stricter […]