M&A
Saint-Gobain gets green light over Sika deal
Construction materials group Saint-Gobain said the Swiss Competition Commission (COMCO) has given the green light to its proposed acquisition of Swiss chemical firm Sika.
Balfour Beatty agrees takeover of gas-to-power producer Alkane Energy
A takeover offer by infrastructure group Balfour Beatty for Alkane Energy has been accepted at 36p per share, valuing the independent gas to power producer at £61. 4m.
Vodafone and Liberty merger talks making little progress
After several months of talks, Vodafone and Liberty Global have been unable to agree their mooted merger or exchange of European assets.
Aga Rangemaster tumbles as Whirlpool pulls offer
Shares in Aga Rangemaster tumbled at the open after Whirlpool said late on Friday that it does not intend to make an offer the company.
Mylan takes takeover bid to Perrigo shareholders
Generic drugmaker Mylan NV has officially launched its formal offer to acquire all outstanding shares of Ireland-based Perrigo to the company’s shareholders.
AstraZeneca buys Colorado manufacturing plant from Amgen
AstraZeneca has purchased a high-tech biologics bulk manufacturing facility from US-based Amgen for an undisclosed sum.
British American Tobacco makes offer for Souza Cruz
British American Tobacco’s Brazilian-controlled company has launched a public tender offer to buy up to all of the 24. 7% of Souza Cruz it does not already own, and to delist the group from the stock exchange.
Blackstone acquires Strategic Hotels for $4bn
Private equity group Blackstone’s real estate arm will acquire luxury hotel chain Strategic Hotels&Resorts in an all cash transaction, including debt, for $6bn.
RSA Insurance sells Latin American business for £403m
RSA Insurance has signed contracts to sell its operations in Latin America to Suramericana SA, which is the insurance subsidiary of Grupo de Inversiones Suramericana, for around £403m in cash.
Amlin shares surge on Mitsui Sumitomo deal
Shares in Amlin surged after Japan's Mitsui Sumitomo Insurance Company said it has agreed to buy the UK insurer for £3. 47bn.
Merrill rates Shire a risky bet over Baxalta doubts, despite back-up plans
After the weekend revelation of Shire's plans for back-up acquisitions should its bid for US rival Baxalta fail, Bank of America Merrill Lynch said the drug company's reduced valuation had become attractive but near-term risks were a deterrent.
Karen Millen shelves MBO plans
The owners of high street fashion retailer Karen Millen have mothballed a planned management buy-out, leading to the departure of chief executive Mike Shearwood.
WPP buys Thailand's nudeJEH for undislcosed sum
WPP said it has agreed to buy Thai advertising agency nudeJEH for an undisclosed sum.