M&A
PayPal to buy Japan's Paidy in $2.7bn deal
PayPal has agreed to buy Japanese ‘buy now pay later’ provider Paidy for 300bn yen, or around $2. 7bn, mostly in cash.
Bid for Morrisons set to be decided by auction
Morrisons said on Wednesday that it is in talks with the Takeover Panel about launching an auction process for the supermarket chain after Fortress Investment Group and Clayton Dubilier & Rice failed to declare their bids final.
Meggitt tumbles as TransDigm says it won't make an offer
Meggitt shares tumbled on Tuesday after US aerospace manufacturer TransDigm said it does not plan to make an offer for the London-listed defence and aerospace engineer following "quite limited" due diligence information, clearing the way for Parker-Hannifin.
Avantor to buy Masterflex in $2.9bn deal
US laboratory products provider Avantor has agreed to buy the Masterflex bioprocessing business from privately-held Antylia Scientific for $2. 9bn in cash.
Enbridge to buy Moda from EnCap for $3bn
Canadian pipeline company Enbridge has agreed to buy Moda Midstream Operating from EnCap Flatrock Midstream for $3bn in cash.
State Street to buy Brown Brothers Harriman’s investor services business for $3.5bn
State Street has agreed to buy Brown Brothers Harriman & Co. ’s investor services business, including its custody, accounting, fund administration, global markets and technology services, for $3. 5bn in cash.
JD.com to buy controlling stake in China Logistics
Chinese online retailer JD. com said on Friday that its subsidiary, JD Property, has agreed to buy a controlling stake in China Logistics in a $2. 1bn deal.
Cinven pulls out of race for UK's Sanne
Private equity firm Cinven has pulled out of the£1. 5bn race to buy UK British asset management services provider Sanne, paving the way for a takeover by US-based fund servicer Apex Group.
Baxter to buy Hillrom in $10.5bn deal
Medical products company Baxter International has agreed to buy Hillrom in a $10. 5bn deal.
CMA blocks JD Sports' Footasylum deal on appeal
The UK's competition regulator has reiterated its decision to block JD Sports Fashion's takeover of Footasylum and has called for JD to sell the business.
Watchstone rejects final offer from Polygon
Watchstone Group said on Wednesday that a final takeover offer of 38p a share made by Polygon a day earlier still undervalues the group.
Intuit in talks to buy Mailchimp for more than $10bn - report
US financial software company Intuit is reportedly in talks to buy email marketing group Mailchimp for more than $10bn.
Kainos sees FY revenue ahead of market views
Digital technology group Kainos lifted its full-year revenue expectations on Wednesday as it announced the acquisition of workday services company UNE for an undisclosed sum.