Click on a headline to see stories that shaped it.
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Stories that evolved over the week.
4 threads
Defined the week
EasyJet Becomes a Two-Bidder Takeover Race
EasyJet initially agreed in principle to Castlelake's offer, then backed Apollo's higher £5.7 billion proposal. The shift turned a take-private into a bidding contest shaped by price and execution certainty.
7 stories, Jul 6 to 10
Major
Vertex Pays $10 Billion for Crinetics
Vertex's $10 billion Crinetics acquisition appeared on consecutive days, reinforcing the week's emphasis on large payments for late-stage biotech assets. The deal adds a rare-disease drug to Vertex's portfolio and pipeline.
3 stories, Jul 6 to 7
Major
Beazer Faces Higher Bid and Sale Pressure
Dream Finders raised its hostile offer for Beazer to $32 per share, after which Donerail pressed the board to engage with potential acquirers. The contest shifted from price alone toward whether Beazer would run a genuine sale process.
4 stories, Jul 8 to 9
Major
Paramount-Warner Clears a Closing Delay
Oregon withdrew its court motion to delay the $111 billion Paramount-Warner merger, allowing a possible closing as soon as July 22. The merger still faces continuing state antitrust investigations.