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Shares of Cambrex Corp. rocketed 47% in toward a 10-month high in premarket trading Wednesday, after drug product and analytical services company agreed to be acquired in a deal valued at $2.4 billion including debt by an affiliate of the private-equity firm Permira. Under terms of the deal, Cambrex shareholders will receive $60 a share in cash for each Cambrex share they own, which represents a 47% premium to Tuesday's closing price of $40.78, and implies a market capitalization of ... Full investment news article
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Fintech startup Blend recently closed a $130 million funding round with two lead investors, trouncing CFO Marc Greenberg's expectations for one lead and a haul of $75 million to $100 million. Big banks have been turning to fintech startups like Blend that promise to help make cumbersome processes like mortgage lending easier. To win investors over in its latest round, Blend couldn't just pitch a broad vision — it had to produce hard metrics to prove customers would pick and ... Full investment news article
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