Mallinckrodt plc and Endo, Inc. announced they have entered into a definitive agreement to combine in a stock and cash transaction. Under the terms of the agreement, Endo shareholders will receive a total of $80 million in cash (subject to possible adjustment) and Endo shareholders will own 49.9% of the combined company on a pro forma basis.
Merger ● Healthcare ● Europe
Whitecap Resources Inc. and Veren Inc. announce a strategic combination to create a leading light oil and condensate producer. The companies have entered into a definitive business combination agreement to combine in an all-share transaction valued at approximately $15 billion, inclusive of net debt.
Merger ● Oil & Gas ● North America
Klarna filed for a U.S. IPO. Klarna, which plans to trade under KLAR on the NYSE, reported a $21 million net profit on $2.8 billion in revenue for 2024, compared to a net loss of $244 million on $2.3 billion in revenue the year prior.
IPO ● Financial Services ● Europe
BEST Inc. announced the completion of its merger with Phoenix Global Partners, pursuant to the previously announced agreement and plan of merger, dated as of June 19, 2024. As a result of the Merger, the Company has become a wholly owned subsidiary of Parent and has ceased to be a publicly traded company.
Merger ● Transportation ● Asia