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W. P. Carey Inc. , a net lease real estate investment trust, said Monday it has agreed to merge with Corporate Property Associates 18 -- Global Inc. in a deal valued at about $2.7 billion, including the assumption of debt. The deal is expected to close in the third quarter. Under the terms of the deal, CPA:18 shareholders will receive 0.098 of a W. P. Carey stock and $3 in cash for each share owned. That''s equal to $10.45 a share based on the trailing three-day volume-weighted average price for W. P. Carey common stock on Friday of $76.17. The REIT will fund the cash portion of the deal using the proceeds from sales of certain CPA:18 assets before the deal closes and existing liquidity. Once the deal closes, W. P. Carey will own about 93% of the combined company. The deal is expected to immediately boost real estate adjusted funds from operations per share, and offset the loss of more than half of the earnings contribution from income earned for managing CPA:18. It will also add a "well-diversified and high-quality net lease portfolio that enhances certain portfolio metrics," the companies said in a statement.

A tense day looms for Wall Street as the war in Ukraine enters its fifth day. Our call of the day has some key levels on stocks you should be watching.

https://www.investing.com/analysis/sp-500-searches-for-support-200618934

Viatris Inc. , the company formed by the merger of Mylan and Pfizer Inc. unit Upjohn in 2020, said Monday it has reached an agreement to combine its biosimilars portfolio with Biocon Biologics Ltd. for up to $3.335 billion. The company said the move is the first in a planned series of asset sales that could generate pretax proceeds of up to $6 billion by the end of 2023, as it moves to reshape its business. Under the terms of the deal, Viatris will receive $2 billion in cash upfront, and $1 billion in convertible preferred shares, equal to a stake of at least 12.9% in Biocon Biologics. The deal is expected to close in the second half. "Upon closing, the transaction is expected to provide Viatris with immediate, enhanced financial flexibility, and accelerate its Phase I financial commitments," the company said in a statement. Biocon will target an initial public offering in India in late 2023. Pennsylvania-based Viatris will have the right to name on director to the Biocon board and will appoint its President, Rajiv Malik, to this seat.

The US 500 stock index (Cash) has gapped back beneath its 50-period simple moving average (SMA), throwing some doubt into whether the bounce from

Asian equities are impressively resilient US futures were crushed at the Asian open this morning, unwinding all of Friday’s impressive gains. Since then, US index futures have pared some of those initial losses, while several key Asian markets are actually trading in positive territory. Futures on the S&P 500 are 1.20% lower, while the Nasdaq […]

Kyle Rodda, a market analyst at IG Australia, says US and European stock futures sank, but Asia-Pacific stocks were mostly higher in volatile trading, buoyed by Wall Street gains from Friday when the S&P 500 closed up 2.51%.

Asia-Pacific stocks were mostly higher in volatile trading, buoyed by Wall Street gains from Friday, when the S&P 500 closed up 2.51%. Japan''s Nikkei 225 rose 0.48%, recovering from an earlier loss. Australia''s benchmark added 0.64% after also being down at one point. Chinese blue chips, though, slipped 0.21%. MSCI''s index of regional stocks eked out a 0.09% gain.

The S&P 500 index future tumbled on Monday after the Ukraine war escalated over the weekend. Western powers blocked Russia’s access to the SWIFT payment network, sending crude oil prices higher and…

The stock market was once again dominated by the situation in Russia. On Thursday, Russia invaded Ukraine, causing the market to open sharply lower. At one point, the Dow Jones Industrial Average and S&P 500 were both down more than … Continue reading »

Futures for the S&P 500 dropped 2.4%, while futures for the Nasdaq-100 index declined 2.7%. The escalation of tensions over Moscow’s invasion of Ukraine has heightened anxieties in the financial markets.

Market sentiment remains sour as weekend headlines couldn’t placate fears of a full-fledged war between Ukraine and Russia, despite the latest agreeme

Medicaid-focused health insurer, Molina Healthcare (MOH), is expected to debut in the S&P 500 before the trading opens on March 02, it was announced last Friday

The S&P 500 and Nasdaq Composite finished with gains after recouping their losses along with the Dow Jones which also rose. AFP Heavy sanctions imposed by Western allies against Russia over its invasion of Ukraine are already showing effect, German Chancellor Olaf Scholz said Sunday. He warned that further embargoes could come if Moscow failed to change course. “Already in the last week, the Russian stock markets sank by more than 30 percent. That shows: our sanctions are working,” said Scholz. “And we reserve the right to impose further sanctions,” he warned. AFP The post ‘Our Sanctions Are Working’, Says Scholz Over Russia Market Crash Show appeared first on GLOBAL VILLAGE EXTRA .

The S&P 500 and Nasdaq Composite finished with gains after recouping their losses along with the Dow Jones which also rose. AFP Heavy sanctions imposed by Western allies against Russia over its invasion of Ukraine are already showing effect, German Chancellor Olaf Scholz said Sunday, warning that further embargoes could come if Moscow failed to change course. “Already in the last week, the Russian stock markets sank by more than 30 percent. That shows: our sanctions are working,” said Scholz. “And we reserve the right to impose further sanctions,” he warned.