Chevron to Acquire PDC Energy for $6.3 Billion

Text size Chevron will be buying PDC Energy. Justin Sullivan/Getty Images Chevron said Monday it will acquire PDC Energy in an all-stock transaction valued at $6.3 billion, or $72 a share. “PDC’s attractive and complementary assets strengthen Chevron ’s position in key U.S. production basins,” said Chevron Chairman and CEO Mike Wirth in a statement. “This transaction is accretive to … Read more

Horizon Therapeutics Stock Plunges on Reports FTC Will Sue to Block Amgen Deal

Text size Amgen had aid it expected its acquisition of Horizon Therapeutics to be completed in the first half of 2023. Dreamstime Horizon Therapeutics stock plunged 18% early Tuesday on reports that the Federal Trade Commission is set to challenge Amgen ’s $27.8 billion deal to buy the biotech company. The FTC is expected to … Read more

Carrier Nears Deal for German Industrial Manufacturer Viessmann

Carrier Nears Deal for German Industrial Manufacturer Viessmann

Merck to Acquire Prometheus Biosciences

Merck to Acquire Prometheus Biosciences

Exxon Mobil Eyes Potential Mega-Deal With Shale Drilling Pioneer

WSJ News Exclusive Business Oil-and-gas giant has held informal, early stage talks to buy the $49 billion-market cap Pioneer Natural Resources

First Republic, Credit Suisse, UBS, New York Community, Bed Bath, and More Movers

Text size First Republic Bank was downgraded deeper into junk territory by S&P Global. Eric Thayer/Bloomberg Stocks were rising Monday after UBS agreed to acquire Credit Suisse and central banks moved to improve dollar liquidity amid turmoil in the financial sector. These stocks were making moves Monday:  American depositary receipts of Swiss bank Credit Suisse … Read more

T Rowe Price’s Europe boss: ‘We don’t want assets for the sake of assets’

Like most of its peers, T Rowe Price had a rough 2022. The Baltimore-headquartered asset manager ended the year with assets down almost 25%. Financial News spoke with Robert Higginbotham, head of global distribution and the firm’s most senior executive in Europe, about some of last year’s challenges, plans to grow outside the US, and how … Read more

Opinion: Bulls may be losing enthusiasm for stocks, but these 3 potential takeover plays could land in the money

The U.S. stock market, as measured by the S&P 500 Index SPX, -0.73%, had finally broken out over triple resistance at 4100, on Feb. 1. But the S&P 500 has had trouble adding to that breakout. Instead, the market has pulled back and retested what is now support at 4100 numerous times this week. So … Read more

Coupa, Horizon Therapeutics, Under Armour, and More Stock Market Movers

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Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen Inc. AMGN -2.42% is in advanced talks to buy drug company Horizon Therapeutics HZNP 0.39% PLC, according to people familiar with the matter, in a takeover likely to be valued at well over $20 billion and mark the largest healthcare merger of the year. The U.S. biotechnology company was the last of three suitors … Read more