Mainland China and Oh! Calcutta operator Speciality Restaurants is in advanced talks for its first set of acquisitions, Anjan Chatterjee, chairman of Speciality said, adding that the listed company has set aside a corpus of Rs 125 crore for M&As this calendar year. On the other hand, Rebel Foods, owner of Faasos and Mandarin Oak, is preparing for an initial share sale early next year, the first cloud kitchen company to go public.
While AI accelerates swift, efficient M&A deals, however, privacy, cyber security, accuracy, reskilling, ecological sustainability, and eliminating algorithmic bias are critical points to be considered by the acquirors and investors.
Roche Holding AG entered into a definitive agreement to buy Lumiradx Ltd.’s point-of-care technology platform for $350 million. The deal is part of Roche’s effort to transform its point-of-care portfolio and enable more patient-centric health care. For Lumiradx, the sale is the end of a journey to restructure and refocus the company and will result in it being delisted from Nasdaq.
After years of battling to retain its hold on Grail Inc., Illumina Inc. finally announced that it will be unwinding the ill-fated acquisition of the multi-cancer early detection test maker. In addition to stiff opposition from activist investor Carl Icahn that cost Illumina’s previous CEO and board chair their positions, European and U.S. regulators have consistently opposed the deal.
Jersey-headquartered JTC is to acquire Blackheath, a boutique asset management business based in the UK. In a statement on 24 November, the global professional.