Halo Health

Apr 27, 2023

Beer Brewer Kirin Strikes $1.2 Billion Deal for Australia’s Blackmores Vitamins South Korea’s Yoon Offers Tax Breaks if Musk Builds Car Factory JPMorgan’s Michele Sees 3% Across Yield Curve With Recession Bristol Myers CEO Caforio Will Retire, Succeeded by Boerner China and the Fed Keep Investors Swinging Between Oil and Gold Mexican President Resurfaces to Say He’s Been Working Amid Covid Gundlach Says IRS Agent Arrived at His Tampa Office Unannounced Samsung, Tech Chiefs and Angelina Jolie Attend Biden Dinner for Korea’s Leader Asia Stocks Set to Drop, US Futures Rise on Tech: Markets Wrap Disney Versus DeSantis: A Timeline of the Florida Political Feud StanChart’s London-Based Crypto Custody Arm Raises $36 Million in New Funds ASML, Europe’s Most Valuable Tech Firm, Is at the Heart of the US-China Chip War Musk Meets With Schumer on Capitol Hill as Senate Looks Into AI Jefferies Explores Moving, Expanding Bank’s NYC Office Space These Are the Best Restaurants in Hong Kong and Macau According to Michelin Bank Turmoil Seen Crimping Credit at Double Powell’s Estimate Pioneer CEO Will Retire and Be Replaced By COO Starbucks Refused to Negotiate Fairly at 144 Unionized Cafes, US Labor Board Alleges Singapore Hikes Property Tax, Doubling Rate on Foreigners to 60% China and the Fed Keep Investors Swinging Between Oil and Gold Asia Stocks Set to Drop, US Futures Rise on Tech: Markets Wrap Bank Turmoil Seen Crimping Credit at Double Powell’s Estimate Pioneer CEO Will Retire and Be Replaced By COO Starbucks Refused to Negotiate Fairly at 144 Unionized Cafes, US Labor Board Alleges Greenpeace Warns Europe’s LNG Hunt Risks Locking In Pollution Solar Company’s Stock Plunge Signals Consumer Demand Slowdown Senate Votes to Overturn Biden’s Anti-Smog Rules for Big Rigs Why Flying Is So Expensive and Likely to Remain That Way OPEC+ Gains Validation as Demand Woes Erase Price Gains From Cut Tyson to Lay Off 10% of Corporate Workers, 15% of Senior Staff Widespread Russian Oil Price Violations Likely Took Place in Asia in the First Quarter McCarthy Changes Debt Limit Bill to Win Votes For Passage Brent Crude Erases All Price Gains Since Surprise OPEC+ Cut Ukraine Latest: Russia Seizes Fortum, Uniper Plants Over Freezes Farmers grow concerned as striking PSAC workers block grain exports Unnamed Client in Mexico Owes SLB, Halliburton Over $1 Billion Energy Transition Is ‘More Profound Than the Internet,’ Says John Podesta London Court Allows Greenpeace’s Legal Challenge of UK Oil, Gas Drilling Plan Record mortgage interest payments paint misleading inflation picture: Economist How to navigate your finances during a job loss The Daily Chase: Teck shareholders to vote on spinoff; Rogers tops Q1 expectations U.S. Fed's review of SVB supervision to be released on Friday Weak on-time record of Canadian airports, airlines raises questions for summer travel The Daily Chase: Markets point to a negative open; CN Rail raises growth forecast Passenger rights overhaul draws criticism from both sides — airlines and advocates The Daily Chase: Markets point to flat open; Federal employees strike continues Russian airspace ban means pricier flights for Canadian travellers and airlines Small business owners working eight-day week equivalent due to staff shortages: CFIB What's ahead under President Joe Biden, industry by industry Trudeau eyes billions to patch Canada's creaking health system U.S. is open as Canada shuts down. 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Harry Brumpton, Bloomberg News Cans of Kirin Co.'s Lager Beer are arranged for a photograph in Tokyo, Japan, on Monday, Feb. 12, 2018. Kirin Holdings Co., the parent company of Kirin Co., is scheduled to release full-year earnings figures on Feb. 14. , Bloomberg (Bloomberg) -- Kirin Holdings Co. has struck a deal to acquire Australian vitamins maker Blackmores Ltd. worth A$1.88 billion ($1.2 billion), as part of a push by the Japanese brewer into health products. The Japanese beer maker has won unanimous approval from the Australian company’s board with an offer of A$95 per share, not including an A$3.34 tax-free special dividend, that altogether adds up to a 24% premium to its last closing price, the companies said in a statement Thursday. The deal “confirms the significant opportunity that lies ahead for our employees and other key stakeholders of Blackmores as both companies come together to combine their focus on growing Kirin’s health science business across the world,” Blackmores Chief Executive Officer Alastair Symington said in the statement. Marcus Blackmore, the son of the company’s founder and owner of 18% of the shares, will support the deal, Blackmores said in the statement. Barrenjoey Capital Partners and Adara Partners are advising Blackmores. The deal is expected to close in the third quarter. (Adds advisers in final paragraph. An earlier version of this story corrected Marcus Blackmore’s role at the company.) ©2023 Bloomberg L.P.