Year: 2019

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UPDATE 1-Paulson gives up opposition to Callon-Carrizo deal

November 18, 2019 admin Comments Off on UPDATE 1-Paulson gives up opposition to Callon-Carrizo deal

Hedge fund Paulson & Co, a top shareholder in Callon Petroleum Co, said on Monday it would not oppose the U.S. shale producer’s reduced buyout offer for Carrizo Oil & Gas Inc, while cutting its stake in the company. Billionaire investor John Paulson’s hedge fund, which did not give any details on its latest shareholding, had a 9.5% stake in Callon as of Nov. 6. Paulson had earlier opposed the deal saying that a 25% premium for the acquisition was too steep and that Callon would lose its position as a Permian pure play by acquiring a company …read more […]

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HP down 5% after Xerox bid rejection, counter offer hints

November 18, 2019 admin Comments Off on HP down 5% after Xerox bid rejection, counter offer hints

HP stock has gained about 10% and those of Xerox around 7% since Nov. 5, when the first news reports surfaced on Xerox’s $33.5 billion cash-and-stock offer to buy bigger rival HP. The printer industry has been in decline for years as growth in purely electronic communication cuts the need for printed letters and documentation. …read more […]

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Novartis shifts Shanghai's focus from research to early development

November 18, 2019 admin Comments Off on Novartis shifts Shanghai's focus from research to early development

Novartis is halting early-stage research in Shanghai and shifting the site’s focus to commercial development three years after the Swiss drugmaker christened the new $1 billion campus as its Chinese drug discovery hub. About 150 of some 1,300 Shanghai staffers will lose their research jobs, while Novartis plans to add 340 new positions over the next four years to develop up-and-coming drug prospects. The changes, first reported by website Fierce Biotech, were confirmed by Novartis. …read more […]