M&A
Smiths Group to sell medical unit to TA Associates for $2.3bn
Engineer Smiths Group has agreed to sell its medical division to US private equity firm TA Associates for $2. 3bn.
Foot Locker to buy two retailers for $1.1bn
Foot Locker said on Monday that it has agreed to buy Japan-based retailer Atmos for $360m and US athletic apparel retailer WSS for $750m, both in cash.
Square to buy Australia’s Afterpay for AUD39bn
US payments company Square Inc has agreed to buy Australian ‘buy now, pay later’ firm Afterpay in a AUD39bn deal.
Sanne in advanced takeover talks with Apex
Fund administrator Sanne said on Monday that it is in advanced talks with Apex Group about a possible takeover at 920p per share in cash.
Meggitt to be taken over by Parker-Hannifin in £6.3bn deal
Defence and aerospace engineer Meggitt said on Monday that it has agreed to be bought by US rival Parker-Hannifin for £6. 3bn as it reported a decline in interim profit and revenue.
Volution buys ERI for initial €23.4m
Volution Group said it had bought Energy Recovery Industries, a maker and supplier of low-carbon, energy efficient heat exchanger cells, for an initial €23. 4m.