M&A
Competition regulator to probe RELX takeover of legal publisher
The UK’s competition watchdog said it would review the potential takeover by LexisNexis owner RELX of Jordan Publishers.
Charles Stanley sells broking division to Panmure Gordon
Investment group Charles Stanley has completed the sale of its broking division to Panmure Gordon for an undisclosed amount.
Micron Technology surges 12% in pre-market trade on reports of Tsinghua Unigroup bid
Shares in US chipmaker Micron Technology surged 12% in pre-market trade following press reports that China’s state-owned Tsinghua Unigroup is planning to offer $23bn for the business, in a deal that would be the biggest Chinese takeover of a US company.
Challenger energy firm First Utility reportedly targeted by CVC
Challenger energy supplier First Utility has reportedly been approached by private equity firm CVC Capital Partners about a £500m takeover.
Meggitt jumps higher on Cobham merger report
Shares in defence and aerospace engineer Meggitt rose on Tuesday following a report in the Financial Times that a merger with Cobham might be on the cards.
Pel and Orosi to purchase nine per cent of Shaftesbury
Singapore-based PEL Holdings and Orosi Holdings will take an additional stake of 9. 3% in FTSE-250 listed Shaftesbury, according to a report citing Bloomberg.
Barclays may undertake acquisitions to accelerate split of retail arm
Barclays may acquire another bank as part of its plans to ringfence its retail operations, while setting up its investment bank as a standalone unit.
Legal & General sells Egyptian joint venture to AXA
Legal & General and Commercial International Bank ASE (CIB) jointly announced the sale of Commercial Life Insurance Company (CIL) to AXA for $97. 5m.
McCarthy & Stone's owners seek buyers at around £1bn
McCarthy & Stone, the UK retirement homes provider owned by a consortium of private equity investors, has begun talks about a potential £1bn-plus takeover, according to reports.
Intercontinental sells Hong Kong hotel for $938m cash, special dividend expected
Intercontinental Hotels has sold its five-star Hong Kong hotel for US$938m cash to a consortium of investors, but will retain a 37-year management contract on the building, with three 10-year extension rights.
Hammerson sells French shopping centre for €63.2m
Hammerson has agreed to sell its interest in the Grand Maine shopping centre situated to the south west of Angers in France to a French institutional investor for €63. 2m.
Bwin.party considering 110p takeover by AIM's GVC Holdings
Online gaming and betting group Bwin. party confirmed that it has received an improved takeover offer from smaller rival GVC Holdings priced at 11p per share in new shares and cash that would value it at roughly £900m.
Depomed shares rocket on Horizon Pharma bid
Shares in Depomed rocketed 37% as biopharmaceutical firm Horizon Phama said it was taking its bid for the company hostile, after revealing that the offer it made to acquire all of Depomed’s outstanding shares in May was rejected.
M&A megadeals in 2015 highest since 1999 and feeding frenzy should continue
Merger and acquisition (M&A) activity in the first six months of 2015 reached the highest level since 2007, according to new data from Dealogic.
Aetna to buy Humana for $37bn as US health insurance bonanza rolls on
US health insurer Aetna Inc has agreed to take over rival Humana Inc for roughly $37bn, capping off a frantic week of mergers and acquisitions (M&A) in the sector.
Amadeus to acquire Navitaire from Accenture for $830m
Spain-listed Amadeus is to acquire Accenture subsidiary Navitaire for $830m, the company said in an announcement.
US health insurance deal action as Centene buys Health Net, Athem and Cigna talk merger
US health insurer Centene has agreed to acquire rival Health Net for $6. 3bn, while elsewhere in the sector reports suggested Anthem and Cigna had met for merger talks.
ING reportedly set to win auction for HSBC's Turkish business
Dutch lender ING Group is reportedly set to win the auction to buy HSBC’s Turkish business.
Next Fifteen Communications acquires IncrediBull World for £1.6m
Next Fifteen Communications acquired IncrediBull World, a brand marketing consultancy, for £1. 6m.
Kier sells off fleet unit for £17.9m
Construction and property services group Kier has sold off its fleet and passenger services (FPS) business for £17. 9m in cash, including the transfer of FPS' finance lease debt of roughly £32m.