Tag "3"

Shire Seeks to Cajole Baxalta Into Talks With $30 Billion Offer

Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break. Shire offered shareholders of Baxalta, a business spun off by Baxter International Inc. last month, about 0.1687 American depositary receipts for each share held, it said in a statement

Shire Seeks to Cajole Baxalta Into Talks With $30 Billion Offer

Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break. Shire offered shareholders of Baxalta, a business spun off by Baxter International Inc. last month, about 0.1687 American depositary receipts for each share held, it said in a statement

Alibaba hires former Goldman banker Evans as president

Alibaba Group Holding Ltd has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company’s international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates. Evans, who spent two decades at the investment bank in positions including vice chairman and head of Asia, has occupied a board seat at Alibaba since mid-2014, before the company held a record-setting public

Alibaba hires former Goldman banker Evans as president

Alibaba Group Holding Ltd has hired former Goldman Sachs Group Inc partner Michael Evans to oversee the e-commerce company’s international expansion, a top priority as the firm looks beyond China to sustain its heady growth rates. Evans, who spent two decades at the investment bank in positions including vice chairman and head of Asia, has occupied a board seat at Alibaba since mid-2014, before the company held a record-setting public

Sprint reports 1Q loss

Sprint Corp. (S) on Tuesday reported a fiscal first-quarter loss of $20 million, after reporting a profit in the same period a year earlier. The Overland Park, Kansas-based company said it had a loss of …

Sprint reports 1Q loss

Sprint Corp. (S) on Tuesday reported a fiscal first-quarter loss of $20 million, after reporting a profit in the same period a year earlier. The Overland Park, Kansas-based company said it had a loss of …