M&A
Abbvie to purchase Pharmacyclics for $21bn
Overnight, US pharmaceuticals outfit Abbvie launched a multi-billion dollar take-over of rival Pharmacyclics to expand its footprint in the fast growing market for blood cancer treatments.
Friends Life lifts profits 38% and hikes divi ahead of proposed Aviva takeover
Ahead of its proposed takeover by larger peer Aviva, insurance group Friends Life Group (FLG) smashed expectations with its 2014 results on Thursday as profits surged and cash generation exceeded guidance.
M&A set heat up in mining sector as ex-Xstrata boss hunts deals
M&A activity in the mining sector is set to heat up following reports on Thursday that former Xstrata boss Mick Davis is looking to take advantage of cheaper commodity prices to snap up some assets.
British American Tobacco offers $3.5bn for remaining Souza Cruz shares
British American Tobacco (BAT) has submitted a request to purchase the 24. 7% of Souza Cruz shares that it does not already own, according to an investor note released on Tuesday.
GAME Digital acquires British festival organiser Multiplay
British high street retailer, Game Digital, has acquired festival organiser Multiplay for £20m in a strategic bid to move into live events.
Grafton Group completes acquisition of TG Lynes
Grafton Group has completed the acquisition of TG Lynes, a distributor of mechanical engineering products.