BofA Securities

BofA downgrades ESR Cayman to 'neutral' following ARA Asset Management acquisition - THE EDGE SINGAPORE

Broker's Calls

BofA downgrades ESR Cayman to 'neutral' following ARA Asset Management acquisition

The brokerage has also lowered its target price estimate to HK$26.50 ($4.63) from HK$31 previously.
Lonza to divest specialty ingredients business to Bain Capital and Cinven for $6.2 bil - THE EDGE SINGAPORE

M&A

Lonza to divest specialty ingredients business to Bain Capital and Cinven for $6.2 bil

The transaction is expected to close in 2H2021.
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