Stock market news

Univar Solutions

Investment company Apollo is buying Univar Solutions for $8.1 billion, or $36.15 per share. Closing of the deal is scheduled for the second half of 2023.

PIK-specialized developer

PIK is negotiating to purchase a land plot on Malaya Nikitskaya Street in Presnensky District of Moscow for construction of an elite residential complex, Vedomosti sources said. It will be the developer's first project under luxury brand Mono. Real estate experts estimate the cost of site at ₽500-600 million. The size of the site allows to build 7-10 thousan...

MOEX Group (Moscow Exchange)

Moscow Exchange, Bank of Russia and market participants are discussing new measures to combat abnormal spikes in stock prices. Among the possible mechanisms considered are discrete auctions for all shares in case of a significant price deviation, as well as the introduction of narrower price corridors for securities with a small free-float. At the moment the...

VK

VK will combine the content platform Zen with the recommendation system Pulse. Teams from both services will be working on the new project. Combining services will increase the potential audience for content creators, the company said.

Mobile TeleSystems

MTS is considering exiting its business in Armenia. Local media named Gazprom or bookmaker 1Xbet among the possible buyers. MTS press service explained that they focus on business development in Russia and are ready to consider selling the asset if buyers with a good valuation are found. Company may be valued at ₽19 billion, experts believe.

Detsky Mir

One of managers of investment company Altus Capital Dmitry Klenov left the shareholders of "Detsky Mir". Information about the buyer of 10% of the retailer is not disclosed, but the company notes that he is not related to any other major shareholder of Detsky Mir.

Zynex

Zynex's GAAP net income for 2022 was $17.048 million, down 0.3% from $17.103 million in the previous year. Revenue increased 21.4% to $158.17 million from $130.3 million a year earlier.

Applied Materials

The Applied Materials Board of Directors announced a quarterly dividend of $0.32 per share. The last day to buy securities to receive the dividend is May 23, 2023. The annual dividend yield may reach 1.01%.

Pfizer

Pfizer is buying Seagen, a biotechnology company that discovers, develops and commercializes cancer drugs. Seagen is valued at $43 billion, or $229 per share. Closing of deal is scheduled for late 2023 or early 2024.

Seagen

Pfizer is buying biotech company Seagen for $43 billion, or $229 per share. Closing of deal is scheduled for late 2023 or early 2024.