M&A
Takeaway.com accuses Protus of bidding for Just Eat 'on the cheap'
The boss of Takeaway. com has rejected what he says are misleading claims made by Prosus in an attempt to buy Just Eat "on the cheap" as the companies battle to acquire the UK food delivery service.
Just Eat rejects revised Prosus offer
Online food takeaway service Just Eat on Tuesday rejected a revised 740p-a-rival share offer from Prosus, saying it “significantly” undervalued the company.
SSE retail sale to Ovo cleared by UK regulator
Ovo Energy’s £500m takeover of SSE’s retail arm has been cleared by the Competition and Markets Authority, officials said on Tuesday.
Merck to buy ArQule in $2.7bn cash deal
Merck has agreed to buy biopharmaceutical group ArQule in a $2. 7bn cash deal.
Open Orphan agrees acquisition of hVIVO at 34% premium
Open Orphan, the rare and orphan drug services company, has agreed the takeover of hVIVO by means of an all-share reverse take-over at a 33. 8% premium.
Prosus sweetens offer for Just Eat to £5.1bn
Prosus sweetened its offer for online food delivery firm Just Eat on Monday to £5. 1bn from £4. 9bn.
Acquisition offer shows that Tesco is undervalued, Jefferies says
Analysts at Jefferies raised their target price for Tesco's shares following the expression of interest received from a potential acquirer for its units in Thailand and Malaysia.
Sanofi to buy Synthorx in $2.4bn cash deal
French pharmaceutical company Sanofi has agreed to buy US biotechnology group Synthorx Inc in a $2. 4bn cash deal as it looks to bolster its immuno-oncology pipeline.
Phoenix makes £3.2bn offer for Swiss Re's ReAssure Group
Phoenix Group Holdings said it had made a £3. 2bn cash and shares offer for Swiss Re's UK unit ReAssure Group.
Stonegate takeover of EI Group raises local concerns, CMA says
The Competition and Markets Authority said on Friday that Stonegate’s proposed £1. 3bn takeover of pub chain EI Group raises competition concerns at a local level.
Blackstone pondering £4bn offer for IQSA
Property investment giant Blackstone is contemplating a £4. 0bn takeover for IQ Student Accommodation (IQSA), according to a Sky News report on Thursday.
Berenberg raises target on Codemasters, spies potential for a bid
Analysts at Berenberg raised their target price on 'buy' rated games developer Codemasters from 290. 0p to 380. 0p on Thursday, stating that its acquisition of Slightly Mad Studios was more than "slightly" accretive.
Canada billionaire Lawrence Stroll mulls Aston Martin stake - report
Aston Martin Lagonda shares rallied on Thursday following a report that Canadian billionaire Lawrence Stroll - father of Formula 1 driver Lance Stroll - is preparing to make a bid for a major stake in the luxury car maker.
Moncler surges as Kering said to consider bid
Shares of luxury down jacket and ski wear maker Moncler surged on Thursday following a report that France’s Kering could be interested in buying the company.
Grainger to fund, buy Cardiff development for £57m
Grainger, the UK's largest listed provider of private rental homes, said it had agreed to forward fund and buy a 307 home development in Cardiff for £57m.
Cleveland-Cliffs to buy AK Steel for $1.1bn
US iron ore miner Cleveland-Cliffs said on Tuesday that it had agreed to buy steelmaker AK Steel for $1. 1bn in shares.
Centamin rejects £1.5bn buyout proposal from Canada's Endeavour
Gold miner Centamin said on Tuesday that its board had unanimously rejected a £1. 47bn takeover offer from Canada’s Endeavour Mining.
Hedge funds drop objections to Inmarsat takeover
Inmarsat shareholders contesting a $3. 4bn takeover of the satellite firm by private investors have dropped their objections ahead of a court hearing on Tuesday, the company said.
NewRiver buys Bravo Inns for £18m
Real estate investment trust NewRiver said it had bought community pub company Bravo Inns for £17. 9m.
China’s Zijin Mining to buy Canada’s Continental Gold
China’s Zijin Mining has agreed to buy Canada’s Continental Gold for around CAD1. 4bn in cash in a deal that will boost its gold reserves and cash flow.