M&A
HSBC sees dark clouds on the horizon for IAG
Analysts at HSBC bumped up their estimates and target price for shares of IAG, admitting to clients that its 'reduce' recommendation was anti-consensual, but stuck to their view nonetheless.
Vivendi gets conditional OK from European Commission for Telecom Italia acquisition
The European Commission has approved Vivendi's acquisition of Telecom Italia, subject to the latter's divestment of its stake in broadcasting services group Persidera.
CMA opens formal investigation into Tesco's acquisition of Booker
The Competition and Markets Authority has formally opened an investigation into Tesco's proposed acquisition of wholesaler Booker.
CLS Holdings buys Dortmund property for €35.6m
CLS Holdings said it had bought a multi-let office property in Dortmund, Germany, for €35. 6m (£30. 8m) after costs from an unnamed US investment manager.
Anglo American completes sale of Australian coal mine stake
Anglo American said it had completed the sale of its 83. 33% interest in the Dartbrook coal mine located in the Hunter Valley, New South Wales, Australia, to Australian Pacific Coal.
Luxury car maker Lotus taken over by Chinese group
Chinese manufacturer Geely's is set to take over British sports car brand Lotus, following the firm's struggles with profitability in recent years.
Glencore in talks over possible US agriculture merger
Glencore has confirmed that it has been in talks with US grain trader Bunge over a potential merger with its agricultural arm.
Berendsen fights back against 'high risk' French takeover
Laundry services group Berendsen has come out fighting against an unwanted takeover offer from France's Elis Services, saying a the proposal very significantly undervalues the company and would raise risks.
Touchstone confirms IP Group offer; advises shareholders to take no action
Touchstone Innovations on Tuesday confirmed IP Group's merger approach, adding that it had advised shareholders to take no action.
Huntsman and Clariant agree $20bn merger
Swiss and US chemicals groups Clariant and Huntsman Corp have agreed to a merger of equals that would create a company worth around $20bn.
Aegon to sell run-off businesses to Wilton Re
Aegon has agreed to sell its two largest US run-off businesses, the payout annuity business and the bank-owned/corporate- owned life insurance business to Wilton Re.
Santander plotting bid for Banco Popular, report says
Santander is preparing an offer for troubled Spanish lender Banco Popular.
Elis makes new £2bn bid for Berendsen; dismissed as 'opportunistic'
Laundry services group Berendsen on Thursday dismissed a new £2. 05bn bid by French rival Elis as “opportunistic”.
Atlantia makes €16.3bn bid for Spain's Abertis
Italian toll roads and infrastructure company Atlantia has made a €16. 3bn cash-and-share offer for Spanish rival Abertis.
SNC-Lavalin won't raise Atkins offer unless another suitor emerges
SNC-Lavalin said on Monday that it won't raise its offer for UK engineering and construction group WS Atkins, valuing the company at around £2. 1bn, unless another suitor emerges.
T-Mobile said to be in talks over Sprint merger
US telecoms firm Sprint Corp has entered preliminary talks with T-Mobile over a possible merger between the two companies, according to a report from Bloomberg.
United Internet to buy Drillisch for €2.8bn
United Internet has agreed to buy Drillisch and merge the telecommunications provider with its 1&1 Telecommuniction subsidiary.
Havas surges on Vivendi offer
Havas shares surged on Friday after media group Vivendi offered €9. 25 a share in cash to buy Group Bollore's 60% stake in the French advertising and PR company.
Citi hikes Spirent Comunications target price, adds M&A premium
Spirent Communications's risk-reward profile justifies the current premium embedded in its valuation, more so given that markets may begin to factor-in the possibility of a take-over, Citi analysts said.
TRIG completes £22m Scottish windfarm purchase
The Renewables Infrastructure Group (TRIG) said it had completed its £22. 6m purchase of the Neilston Community Wind Farm in East Renfrewshire, Scotland.