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Stripe to buy shares in tender offer at $70bn valuation.
CoreWeave target valuation of over $35bn in 2025 US IPO.
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康菲石油公司 , a provider of oil exploration and production services, completed the acquisition of Marathon Oil Corporation , an independent oil and gas exploration and production company, for $22.5bn.
“This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework. Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading US?unconventional position. We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1bn on a run rate basis in the next 12 months,” Ryan Lance, ConocoPhillips Chairman and CEO.
Marathon Oil was advised by 摩根士丹利 and Kirkland & Ellis (led by Camille Walker Meissner , Sean T. Wheeler and Debbie Yee ). ConocoPhillips was advised by Evercore and Wachtell, Lipton, Rosen & Katz (led by Gregory Ostling and Zachary Podolsky).
Novo is set to gain unconditional EU antitrust approval for its planned $16.5bn takeover of US contract drug maker Catalent Pharma Solutions , clearing a key hurdle, Reuters reported.
Catalent is preparing senior management for the deal to go through.
Catalent is advised by 花旗 , J.P. 摩根 , 众达律师事务所 (led by Randi Lesnick ), Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Todd Freed ) and Joele Frank (led by Matthew Sherman ). Financial advisors are advised by Cravath, Swaine & Moore LLP (led by Minh Van Ngo) and White & Case LLP (led by Denise A. Cerasani). Novo is advised by 摩根士丹利 , Chiomenti , Goodwin (led by Joshua Zachariah and Kirkie Maswoswe ), 年利达 (led by Annamaria Mangiaracina ) and FGS Global (led by Charles Chichester ). Debt financing is provided by Ares Management Corporation and Blue Owl Capital .
Mori Building Co., Ltd. , an urban landscape developer, completed the acquisition of an 11% stake in One Vanderbilt, a 73-story supertall skyscraper, from SL Green Realty Corp. , an office landlord, in a $4.7bn deal.
“We are excited about joining the ownership venture of One Vanderbilt Avenue, a modern landmark in Manhattan, and the relationship with SL Green who have long contributed to making NYC an attractive city,” Shingo Tsuji, Mori Building President and CEO.
SL Green was advised by BerlinRosen .
Stripe to buy shares in tender offer at $70bn valuation.
Private fintech giant Stripe is again buying back some of its shares and at a roughly $70bn valuation.
The price per share is $27.51, translating to a valuation of about $70bn for the startup. That’s the same value the company had in a different share sale earlier this year.
In the deal, eligible shareholders, including former employees and some current investors, have until mid-December to decide to participate, Bloomberg reported.
CoreWeave target valuation of over $35bn in 2025 US IPO.?
Artificial intelligence cloud platform CoreWeave , is aiming for a valuation of more than $35bn in its US initial public offering that is expected to occur next year.
CoreWeave is likely to target raising more than $3bn from its share sale, which could launch during the second quarter of 2025, Reuters reported.
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