SYDNEY (Reuters) - Zeekr, the premium electric vehicle (EV) brand of Chinese automaker Geely , has restarted stalled plans to raise up to $500 million in a New York initial public offering (IPO), according to two sources with direct knowledge of the matter. The company in November put listing plans to raise about $500 million on hold because of a...

03:24 AM EDT, 04/03/2024 (MT Newswires) -- International Flavors & Fragrances ( IFF ) said Wednesday it completed the sale of its cosmetic ingredients business to Clariant. In October, IFF agreed to sell the business to the specialty chemicals company for $810 million. ...

TOKYO (Reuters) - Japanese trading house Itochu ( ITOCF ) on Wednesday forecast a 10% rise in its net profit to 880 billion yen ($5.8 billion) this financial year, from an estimated 800 billion yen a year earlier, and expected a shareholder return ratio of 50%. Unveiling its new management plan for the 2024/25 financial year that started on April...

03:21 AM EDT, 04/03/2024 (MT Newswires) -- Genmab ( GMAB ) agreed to acquire privately owned biotechnology company ProfoundBio in an all-cash deal worth $1.8 billion, the companies said in a joint statement on Wednesday. The acquisition will give Genmab ( GMAB ) worldwide rights to ProfoundBio's portfolio of antibody-drug conjugates, comprising three candidates in clinical development, including rinatabart sesutecan,...