M&A
GVC makes improved proposal to Bwin
GVC Holdings has begun talks with larger competitor Bwin. party over a new, fully-funded takeover proposal at 125. 5p per share, with reports claiming its equity placing to raise cash for the deal was oversubscribed.
Victoria bags Australian carpet maker Quest
Floor coverings group Victoria Plc has acquired Australia-based rival Quest Carpet Manufacturers and Quest Carpet Manufacturers Unit Trust for up to a total of £16. 4m.
Polypipe and Electra agree deal for ventilation company Nuaire
Electra Private Equity, the FTSE 250 investment group, has agreed to sell its interest in Welsh ventilation systems manufacturer Nuaire to Polypipe Group for a total of £145m.
Shire urges Baxalta to enter talks after $30.6bn offer declined
Shire has been rebuffed after making an all-stock takeover approach for newly spun-out Baxalta at $45. 23 per share, which values the deal at roughly $30. 6bn.
Shire buys Foresight Biotherapeutics for $300m
Shire has acquired New York-based, privately-held Foresight Biotherapeutics for $300m.