M&A
Songbird Estates says it's worth more than £2.8bn takeover offer
Songbird Estates said that an improvement in the conditions of property markets means it is now worth £2. 82bn, more than the sum offered by the Qatar Investment Authority (QIA) and Brookfield Property Partners (BPP).
GSK-Novartis deal wins US trade regulator approval
Glaxosmithkline is on track to complete its complex three-way £11bn deal with Swiss pharmaceutical peer Novartis next year after US regulators approved the first two parts of the transaction.
BT's takeover talks with EE confirmed by Orange and Deutsche Telekom
Germany's Deutsche Telekom and France's Orange have confirmed they are in talks about selling their UK EE mobile phone network to BT.
Bid speculation continues to build around Rio Tinto
Shares in mining giant Rio Tinto are rising 2% in Sydney trading after another analyst backed the notion that an offer from Glencore may soon be forthcoming.
Merger of Rio Tinto and Glencore is inevitable, says UK banker
Glencore is inevitably set to takeover Rio Tinto to create the world’s largest mining group, according to sector-merger expert Ian Hannam.
Stryker said to be mulling a bid for Smith & Nephew, shares rise
US medical technology outfit Stryker is laying the groundwork of another bid for British rival Smith & Nephew.
BT in talks with Telefonica to buy O2
British telecoms giant BT has confirmed it is in talks with Spanish firm Telefonica to buy O2.
Sound Oil announces hostile offer for Antrim Energy
Sound Oil will launch a hostile public offer to acquire all of Canadian-based oil and gas exploration company Antrim Energy via an all-share deal.
Salamander board to recommend £314m Ophir takeover
Salamander Energy has officially reached an agreement on the terms of its takeover by Ophir Energy, which values the oil and gas explorer at £314m.
Sunday newspaper round-up: Aviva-Friends Life, Coutts, Quindell
Clive Cowdery, whose Resolution acquisition vehicle bought Friends Provident in 2009, will make about £160m from Aviva's takeover of Friends Life, the Sunday Times said. The roles of chairman, chief executive and finance director at the combined company will go to the Aviva incumbents, according to the Sunday Telegraph. Aviva is trying to persuade its own shareholders about the wisdom of the deal, the Mail on Sunday said.
Ophir Energy submits offer for Salamander Energy
British oil and gas explorer Ophir Energy has offered to purchase Salamander Energy for £267m to expand in southeast Asia.
Ophir reveals details of possible £300m Salamander takeover
Oil and gas group Ophir Energy has confirmed details of its possible takeover offer for UK-listed peer Salamander Energy, valuing the company at around £300m.
Informa raises less than expected to acquire US events business
Business publisher Informa has drummed up a less-than-hoped £207m from institutional investors as it added to its exhibitions businesses with the cash acquisition of Hanley Wood for £237m.
International Personal Finance makes offer for MCB Finance
International Personal Finance (IPF) has made a formal cash offer to take over AIM-listed MCB Finance Group to strengthen its digital lending capabilities.
Baker Hughes up 10% after merger with Halliburton
Baker Hughes skyrocketed in the US trading after announcing a merger with Halliburton.
US private equity outfit to bid for GlaxoSmithKline´s mature drugs business
US private equity outfit Apollo Global Management is preparing to make a bid for all of GlaxoSmithKline's mature drugs, joining an auction which could see the business valued at over $3bn (£1. 91bn), according to four people familiar with the process, Reuters reports.
Central Rand Gold shares rocket on possible $150m takeover
Central Rand Gold's (CRG) share price more than trebled on Tuesday after the South African miner said it had signed a memorandum of understanding (MOU) for the potential $150m sale of all its assets.
Canary Wharf owner Songbird Estates rejects Qatari takeover bid
The owner of London's Canary Wharf, Songbird Estates, has rejected a takeover bid by shareholder Qatar Investment Authority (QIA) and US investor Brookfield Property Partners.
Amec edges closer to merger with Foster Wheeler
Amec said on Wednesday it has given Foster Wheeler more time to mull its takeover offer.
Proxama to place shares at a small premium
Mobile marketing and payment group Proxama announced plans to raise up to £4m as it revealed it is in talks to make a £3. 8m acquisition.