Business

Pfizer and Allergan deal expected to produce synergies of $2 billion

Pfizer , which makes the cholesterol fighter Lipitor, will keep its global operational headquarters in NY. There can be many business reasons for two companies to merge. The transaction is valued at $363.63 per Allergan share. Ian Read , Pfizer chairman and chief executive, said, "The proposed combination of Pfizer and Allergan will create a leading global pharmaceutical company with the strength to research, discover and deliver more medicines and therapies to more people around ...

Business

Cyber Monday marks Target's best day of online sales ever

Shoppers got a message asking them to "hold tight". Online spending on Black Friday increased 14 percent from 2014. There were brawls on Black Friday at malls around the country. This could indicate that more consumers are shopping online instead. "Nothing standing out so far", he said midmorning on Monday. \Americans bought more than $3 billion worth of goods on Cyber Monday , a leading survey showed, as bigger-than-expected discounts and strong demand for electronics and toys added up ...

Business

Deal Reached: Pfizer Buying Allergan for $160 Billion

Upon the closing of the transaction in the second half of 2016, the companies said the combined company was expected to maintain Allergan's Irish legal domicile. "Two billion dollars of savings in the first three years, together with an attractive tax inversion sounds like a compelling reason for a merger", Heugh said, although warned that often mergers did not succeed in their primary objectives.

Business

Yahoo Board to Weigh the Future of Company, Marissa Mayer

People told The Wall Street Journal that Yahoo's board is expected to discuss its options in sessions that will begin on Wednesday and continuing through Friday. dollars (£670 million) and is now worth 33 billion USA dollars (£22 billion) as the ecommerce business has boomed. The Yahoo! board will also be discussing whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba .

Business

Nokia gets approvals to close $3 billion HERE mapping

The adjustments when taken into account, brought down the price by some Euro 300,000, but the final price still equated up to a $2.8 Billion selling price, significantly higher than the previous valuation of the company. The three automaker partners - Daimler BMW and Volkswagen's premium division Audi - will each hold an equal stake in Here and none of them seeks to acquire a majority interest, they said in a joint statement.

Business

Yahoo is up for sale?

These sessions are set to begin Wednesday and carry on through Friday, according to these sources. Yahoo's core business could be worth about $1.9bn, not including about $5.8bn in cash expected at the end of next year, along with some growth assumptions, Brian Wieser, an analyst with Pivotal Research Group, wrote in a note.