(Reuters) - Hedge fund Shah Capital said on Monday it would withdraw its campaign against the re-election of three directors on Novavax's board, after the COVID-19 vaccine maker struck a licensing deal with Sanofi.
Under a deal signed on May 10, the French drugmaker will take a 4.9% stake in Novavax for $70 million at a lofty valuation.
It includes an upfront cash payment of $500 million and future payments contingent on certain... (continue reading...)
By Paul Sandle
LONDON (Reuters) - Britain's infected blood scandal that has killed 3,000 people and left thousands more suffering with hepatitis or HIV was no accident, a public inquiry found on Monday, blaming a catalogue of failures by government and doctors.
Inquiry chair Brian Langstaff said more than 30,000 people received infected blood and blood products in the 1970s and 1980s from Britain's state-funded National Health Service,... (continue reading...)
AMSTERDAM (Reuters) - The prosecutor of the International Criminal Court on Monday said it had requested arrest warrants against Israeli Prime Minisiter Benjamin Netanyahu and Denfense Minister Yoav Gallant for alledged war crimes in Gaza.
(Reporting by Anthony Deutsch, Editing Charlotte Van Campenhout)
LONDON (Reuters) - Britain's Royal Mint has launched a coin marking next month's 80th anniversary of the 1944 D-Day landings, when 150,000 Allied soldiers invaded France to drive out the forces of Nazi Germany.
Designed by artist David Lawrence with support from Imperial War Museums, the 50 pence coin, equivalent to around 60 cents, depicts Allied soldiers disembarking onto a beach in Normandy as war planes fly above.
It is inscribed... (continue reading...)
(Reuters) - Regional lender SouthState Corp will buy peer Independent Bank in an all-stock deal valued at about $2 billion, the companies said on Monday.
As part of the deal, Independent Bank shareholders will receive 0.60 shares of SouthState common stock. The deal values Independent Bank at $48.51 per share, which represents a 10.4% premium to the stock's last close.
Shares of Independent Bank were up 3% in light premarket trading... (continue reading...)
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