M&A
Fortescue, Vale forge £680m iron pact
As iron ore prices saw record gains early in the week, Australian miner Fortescue Metals Group formed a deal with the world's largest producer - Brazil-based Vale.
Burberry seeks help from advisers to defend against possible bid
Fashion chain Burberry has been seeking help from its financial advisers to defend against a possible takeover bid after it was found that a mystery investor had built up a 5% stake in the company, according to reports.
Credit Suisse would be surprised if Nasdaq made standalone bid for LSE
The ongoing tussle over who will succeed in buying out the London Stock Exchange Group is "broadly positive" for Nasdaq and may pave the way for it to become the next takeover target in that space, Credit Suisse said.
Sainsbury reserves right not to proceed with formal bid for Home Retail
Sainsbury cautioned investors it might not go ahead with a formal bid for Home Retail Group.
Mastercard said to plan £1bn Vocalink takeover bid
US-based credit card issuer Mastercard has reportedly drawn up secret pans for a takeover of international payment systems provider Vocalink.
US DoJ asks UBM for more detail on PR Newswire
The US Justice Department has asked UBM for additional information and documentary material relating to certain PR Newswire (PRN) products in relation to its sale of PRN to software company Cision.
Wednesday newspaper share tips: LSE, Ashtead
There is a high probability that Deutsche Boerse’s rivals will try and crash its proposed tie-up with the London Stock Exchange, the Financial Times’s Lex column said.
Steinhoff gatecrashes Darty takeover by FNAC
South Africa's Steinhoff International has sealed its reputation as a serial gatecrasher with a 125p offer for European electricals retailer Darty, even though it is in the midst takeover by France's FNAC.
UBS points out Deutsche Boerse's long-term growth potential
Whether or not Deutsche Boerse's proposed buy-out of rival London Stock Exchange panned out in the end or not, the exchange operator's future was bright, UBS told clients on Tuesday.
Servelec buys Tribal's children's services business
Servelec Group has acquired Tribal Group's Synergy children's services management information system business for of £20. 25m cash, which it is part-funding with a new bank facility.
Honeywell abandons pursuit of United Technologies
Honeywell has called off its pursuit of NYSE-listed peer United Technologies due to the target's "unwillingness to engage in negotiations", but had plenty to say about why it still felt a deal made sense.
LSE surges as ICE confirms considering offer
London Stock Exchange shares surged after Intercontinental Exchange confirmed it was considering making a bid for the UK exchange to rival Deutsche Boerse’s.
Goldman downgrades ITV to neutral
Goldman Sachs marked down its valuation of ITV’s shares as a result of the recent de-rating in its US peers and cut the M&A premium it attached to them, although it still saw the company as a potential takeover target.