Mobileye Global Inc. received a warm welcome back to Wall Street on Wednesday, as the stock of the Intel Corp. autonomous-driving spinoff went up more than 30% in its first Read more
Tag: Demergers
Mobileye IPO: 5 things to know about the Intel autonomous-driving spinoff
While Intel INTC, +0.71% executives reportedly dreamed of a valuation as high as $50 billion, the market for initial public offerings has crashed in 2022 after a record year in Read more
Disney names new board member in deal with activist investor Third Point
The Walt Disney Co. announced a new board member Friday afternoon as part of a settlement with activist investor Third Point LLC. Disney DIS, -3.20% disclosed that Carolyn Everson, who Read more
Novartis to spin off, list Sandoz business
Novartis AG is planning to spin off its generics-and-biosimilars division Sandoz and list it as a standalone company in Switzerland, a move that will enable Novartis to focus on innovative Read more