• Honeywell announced that it is in the process of acquiring Sparta Systems for $1.3 billion in cash from New Mountain Capital.
  • Tesla is a hit with investors. The stock market value of the Californian electric car manufacturer has just taken $100 billion in just one month.
  • Softbank wants to raise $525 million on Wall Street.
  • Apple could start producing electric cars, with home-made batteries, starting in 2024, Reuters reports.
  • Blackstone Infrastructure Partners has issued an offer to acquire the entire share capital of Applegreen Plc for €5.75 per share in cash.
  • Bayer is selling a facility for biological substances to a German subsidiary of WuXi Biologics for 150 million euros.
  • Diamondback Energy acquires rival QEP Resources for $2.2 billion.
  • Paypal increases its presence in India via its money transfer service Xoom.
  • Johnson & Johnson applies to the FDA for a product license application for its refractory myeloma treatment.
  • Ford recalls approximately 30,000 vehicles in the U.S. and Canada for safety reasons.