M&A
SABMiller board backs AB InBev offer after China gives deal final clearance
Belgian brewer Anheuser-Busch InBev’s improved takeover offer of SABMiller has been back by the FTSE 100 company's board after it was given clearance by China’s Ministry of Commerce.
Pinewood confirms possible £323.3m offer
Pinewood Group has reached agreement on the key terms of a possible cash offer for it by Venus Grafton Sarl, or one of its subsidiaries (collectively 'Bidco').
Premier Farnell quits Datwyler offer to recommend Avnet's tilt
UK mini-computer maker Premier Farnell has abandoned its recommendation on an offer by Datwyler Technical Components UK Ltd in favour of a rival and richer bid stumped up by Avnet, Inc.
Charles Taylor nabs CEGA Solutions for £29.8m.
Insurance services provider Charles Taylor has acquired CEGA Solutions, a provider of technical medical assistance and travel claims management services, for up to £29. 8m.
AB InBev improves offer for SABMiller, 'unacceptable' say shareholders
Brewer SABMiller has received a new, final takeover offer of 4,500p from Anheuser-Busch InBev after the collapse of the pound and pressure from a group of new activist shareholders, but major shareholder Aberdeen Asset Management said that it remained "unacceptable".
Ladbrokes, Coral must sell 350 to 400 shops to get merger clearance, says CMA
The Competition and Markets Authority has confirmed that bookmakers Ladbrokes and Gala Coral will have to sell 350 to 400 shops in order to obtain clearance for their proposed merger.
LVMH to sell Donna Karan to G-III in $650m deal
French luxury goods company LVMH Moet Hennessy Louis Vuitton said on Monday that it has agreed to sell Donna Karan International to US-based G-III Apparel Group in a $650m deal.
Rank and 888 turn tables in joint approach for William Hill
Rank Group and 888 Holdings have begun talks about a £3bn joint takeover approach for struggling high street bookmaker William Hill.
UK banks eye profits from MasterCard's VocaLink takeover
Lloyds Banking and Royal Bank of Scotland could each make at least a £150m profit from MasterCard's proposed £869m acquisition of VocaLink Holdings (VLH), which is majority owned by a consortium of 18 high street banks that also includes Barclays and HSBC.
Eckoh buys Klick2Contact for £2.35m
Secure payment provider Eckoh bought Klick2Contact (K2C), an Omni-channel customer engagement service, for £2. 35m in cash and shares.
Unilever buys Dollar Shave Club
Unilever has agreed to buy California-based male grooming business Dollar Shave Club for an undisclosed sum.
Yahoo's core business down to final five bidders - CNBC
The sale of Yahoo's core business has come down to a final round of five bidders, CNBC reported citing sources.
Monsanto rejects Bayer's improved $55bn takeover offer
US seeds and agrichemicals giant Monsanto has rejected the improved $55bn offer from German rival Bayer as "financially inadequate" but said it remains open to further talks.
MyLocal administrators transfer 26 stores to convenience rivals, more to follow
Administrators of the collapsed MyLocal convenience chain have agreed the sale of 26 shops and said they were close to completing 16 more.
DRS Data ticks higher after offer from exam marker AQA Education
AQA Education, the organisation that is responsible for setting and marking around half of A-Level and GSCE papers each year, has made a takeover approach for exam and polling data group DRS Data & Research.
ARM turning Japanese with £23bn offer from SoftBank after pound sinks
ARM Holdings has agreed to a £23. 4bn takeover offer from Japan's Softbank, in what could be the first major move sparked by the post-Brexit collapse in the pound.
Mylan set to get go-ahead from Brussels for Meda AB takeover
Mylan was expected to get the 'green light' from European regulators for its takeover bid for Sweden's Meda AB after it agreed to sell some assets, Reuters reported citing two people familiar with the discussions.
Bayer raises bid for Monsanto
German chemicals giant Bayer raised its bid for US rival Monsanto against a backdrop of intense negotiating activity between companies in the sector.
WPP's Grey buys majority stake in China's Easycom
Advertising giant WPP’s wholly-owned operating company, Grey, a marketing communications network, bought a majority stake in Chinese social marketing agency Easycom.
Steinhoff buys Poundland for £597m
South Africa’s Steinhoff Holdings has reached an agreement with Poundland to buy the remaining shares in the London-listed discount retailer it does not already own for 222p per share in cash, valuing it at £597m.