Tag: Physical Asset Transactions
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Rocket Lab agrees to pay $16 million for portion of Virgin Orbit assets
[ad_1] Rocket Lab USA RKLB, -8.69% said Tuesday it is finalizing an asset purchase agreement to buy certain aerospace production and manufacturing assets as part of Virgin Orbit Holdings’s VORWQ, +28.79% chapter 11 bankruptcy auction. The launch and space systems company said its purchase of the Long Beach, Calif. aerospace production and manufacturing assets is…
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Merck’s $10.8 billion takeover of Prometheus gives it a foothold in immunology
[ad_1] Merck & Co.’s $10.8 billion acquisition of Prometheus Biosciences Inc., which it announced Sunday, is a strategic positive that will help the drug company diversify its portfolio and reduce the risk of an overreliance on its cancer drug Keytruda, analysts said Monday. San Diego, Calif.-based Prometheus RXDX, +69.34% is a clinical-stage biotechnology company focusing…