Apr 10, 2017

Bain and Cinven to buy German drug company for $5.6 billion

Zach Armstrong / Flickr cc

Bain Capital and Cinven have reached a deal to acquire the German pharmaceutical company Stada Arzneimittel for 5.3 billion euros, Bloomberg reports. The deal marks the end of a long takeover contest, and will give the private equity firms better access to German and Russian markets for over-the-counter and copycat medicines. Bain Capital and Cinven will offer Stada 65.28 euros plus a dividend of 0.72 euros per share, which is roughly 49% higher than the first negotiated price in December.

Why it matters: Stada is one of the last independent generic drug businesses in Europe.

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Rebecca Falconer, Orion Rummler

Updated 50 mins ago - Politics & Policy

Updates: George Floyd protests continue past curfews

Protesters on Tuesday evening by the metal fence recently erected outside the White House. Photo: Olivier Douliery/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued Tuesday night across the U.S. for the eighth consecutive day — prompting a federal response from the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: Protesters were still out en masse for mostly after curfews were in force in cities including Washington, D.C., New York City, Los Angeles and Portland — where police used pepper spray and flash bangs on a group throwing projectiles at them during an "unlawful assembly," per KATU. Portland police said this group was separate to the thousands of demonstrators who protested peacefully elsewhere in the city.

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Ursula Perano, Zachary Basu

Updated 4 hours ago - Politics & Policy

Primary elections test impact of protests, coronavirus on voting

Election official at a polling place at McKinley Technology High School in Washington, D.C. Photo: Drew Angerer/Getty Images

In the midst of a global pandemic and national protests over the death of George Floyd, eight states and the District of Columbia held primary elections on Tuesday.

Why it matters: Joe Biden, the presumptive Democratic nominee, needs to win 425 of the 479 delegates up for grabs in order to officially clinch the nomination. There are a number of key down-ballot races throughout the country as well, including a primary in Iowa that could determine the fate of Rep. Steve King (R-Iowa).

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Zachary Basu

4 hours ago - Politics & Policy

Iowa Rep. Steve King defeated in GOP primary

Rep. Steve King. Photo: Alex Wroblewski/Getty Images

State Sen. Randy Feenstra defeated incumbent Rep. Steve King in Tuesday's Republican primary for Iowa's 4th congressional district, according to the Cook Political Report.

Why it matters: King's history of racist remarks has made him one of the most controversial politicians in the country and a pariah within the Republican Party.

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