M&A
Walgreens, Rite Aid agree reduced merger price
Rite Aid shares tumbled in pre-market trade as it emerged that Walgreens Boots Alliance will now pay $6. 50 to $7 a share for the company, down from the $9 a share announced back in 2015.
Charter shares jump after reports of Verizon acquisition
Shares in US communications firm Charter Communications spiked on Thursday after reports that it was subject to a takeover bid from Verizon.
Johnson & Johnson agrees takeover of Actelion for $30bn
Johnson & Johnson, the world's biggest healthcare company, has agreed to acquire Europe’s biggest biotech company, Switzerland-based Actelion, for $30bn in cash.
Heineken in talks with Kirin to buy Brazil business
Dutch brewer Heineken confirmed it is currently in discussions with Kirin Holdings about a potential acquisition of its Brazilian beer business.
CSX Corp. rockets on reports activist investors targeting railroad operator
Shares in CSX Corp. rocketed following reports that rival railroad operator´s Canadian Pacific´s ex boss would team up with an activist investor to shake-up the company.
Smiths Group gets EC clearance for Morpho Detection acquisition
Diversified engineer Smiths Group has received clearance from the European Commission for its proposed acquisition of Morpho Detection from Safran.
Safran to buy Zodiac Aerospace
Safran has agreed to buy Zodiac Aerospace for €8. 5bn in a deal that will create the world’s third largest aerospace supplier.
Acacia Mining confirms talks with Endeavour
Acacia Mining confirmed on Monday that it is in preliminary discussions regarding a possible combination with Canadian gold miner Endeavour.
Imperial Brands forms JV with China Tobacco
Imperial Brands teamed up with rival China Tobacco to develop a variety of growth opportunities in Asia's largest economy and overseas via a Hong Kong-based joint-venture to be named Global Horizon Ventures.
American Apparel to be bought by Gildan Activewear for $88m
Canadian clothing company Gildan Activewear looks to have won the auction for the purchase of US clothing brand American Apparel, after the latter filed for bankruptcy last year.
Northern & Shell to sell newspapers to David Montgomery, report says
Richard Desmond may sell his Express and Star newspapers to a company set up by ex-Trinity Mirror, Local World and Mecom newspaper magnate David Montgomery, according to reports on Tuesday.
Japanese tyre company takes over Micheldever Tyre Services
Japan’s Sumitomo Rubber Industries has agreed to takeover Micheldever Tyre Services (MTS), the UK’s second largest car tyre distributor, for £251m.
3i reportedly seeking buyers for lingerie brand Agent Provocateur
Private equity firm 3i Group is reportedly seeking buyers for its troubled upmarket British lingerie chain Agent Provocateur.
Scisys completes acquisition of Annova Systems for £9.7m
Information and communications technology provider Scisys has completed the acquisition of Munich-based software provider Annova Systems for €11. 35m (£9. 7m), in order to put it in “a stronger market position” across Europe.
Britvic to buy Brazil's Bela Ischia for £54.5m
FTSE 250 drinks maker Britvic has agreed to buy Brazilian concentrates and juice business Bela Ischia Alimentos for 218m Brazilian reals (£54. 5m).