M&A

Petropavlovsk board ousted in AGM coup
Petropavlovsk has accused its biggest shareholder of seizing control of the Russian gold miner without paying a takeover premium after the company's board was voted out at its annual general meeting.

Uber in talks to buy Postmates for $2.6bn - report
Shares in Uber Technologies jumped on Tuesday after the US company was reported to be in talks to acquire rival delivery service Postmates for $2. 6bn.

BP to sell petrochemicals business to Ineos for $5bn
BP has agreed to sell its petrochemicals business to chemicals company Ineos for $5bn.

K3 raises £30.5m to buy Randd and other targets
K3 Capital said it had raised £30. 5m to fund the purchase of Randd, an arranger of research and development tax credits for businesses, for up to £16. 8m and further acquisitions.

Wirecard shares jump as purchase talk swirls
Wirecard shares more than doubled after the embattled payments company said its business activities were continuing to operate and speculation arose that rivals might snap up some of its operations.

Drax powers ahead on bid speculation
Drax shares surged on Monday amid speculation the temporary power provider could be a takeover target.
Energean excludes Norway unit from Edison deal
Energean said it had agreed to exclude Edison E&P’s Norwegian subsidiary from its takeover deal, and cut capital expenditure guidance as oil companies wrestle with a slump in prices amid the coronavirus crisis.

Mitie launches £201m rights issue and buys Interserve business
Mitie Group launched a £201m rights issue as the outsourcing company announced higher annual profit and the £271m acquisition of Interserve's support services business.

SoftBank raises $14.8bn from T-Mobile share sale
SoftBank raised $14. 8bn through the sale of shares in US-listed T-Mobile as it seeks to raise up to $20bn in cash by disposing of its stake in the wireless telecommunications carrier.

AutoNation or CarMax could buy Hertz, analysts suggests
Hertz shares jumped after an analyst suggested car dealers AutoNation or CarMax could step in to buy the stricken auto-hire company out of bankruptcy.

Mastercard to buy Finicity for $825m
Mastercard has agreed to buy Finicity, a US provider of real-time access to financial data and insights, for $825m.

Capita to sell Eclipse business to Access
Oursourcer Capita has agreed to sell its Eclipse business to Access UK for an enterprise value of £56. 5m.

JD Sports appeals against CMA Footasylum ruling
JD Sports is appealing against the blocking of its £90m takeover of Footasylum, according to documents published by the Competition and Markets Authority on Thursday.

Boohoo to announce acquisition of Oasis, Warehouse - report
Fast-fashion retailer Boohoo could announce the purchase of Oasis and Warehouse alongside its first-quarter results on Wednesday.

Metro Bank in 'early stage' talks to buy RateSetter
Metro Bank confirmed on Monday that it is in "early stage" discussions with peer-to-peer lender RateSetter about a potential acquisition.

Cineworld pulls out of Cineplex deal
Cineworld has pulled out of its $2. 1bn (£1. 7bn)) acquisition of the Canadian movie theatre chain Cineplex, citing breaches of the companies' agreement and a "material adverse effect".

Unilever U-turns to unify as UK company
Unilever plans to unify its legal structure as a UK Plc to become a simpler company in a move that reverses a failed attempt to consolidate in the Netherlands two years ago.

Union challenges IAG's Air Europa deal at European Commission
Britain and Ireland's biggest trade union is seeking to scupper IAG's €1bn takeover of Air Europa at the European Commission on competition grounds.

Just Eat Takeaway to buy Grubhub of the US for $7.3bn
Just Eat Takeaway has agreed to buy Grubhub of the US for $7. 3bn (£5. 8bn) in an all-share deal to create the world's biggest online food delivery company outside China.

Just Eat Takeaway confirms merger talks with Grubhub
Just Eat Takeaway confirmed on Wednesday that it is in advanced talks with US-based Grubhub about a possible all-share merger.