Philip Morris gets over a fifth of Vectura shares in takeover tender offer
Cigarette maker Philip Morris International (PMI) (PM.N) said on Wednesday shareholders holding 22.61% of Vectura (VEC.L) shares had tendered their stock to the tobacco group as part of its deal to buy the asthma drug maker for 1.1 billion pounds ($1.51 billion).
Asia M&A bonanza fuelled by Southeast Asia, private equity deals
Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year.
