M&A
Essentra mulls filters sale in shift to components only
Essentra said it was considering selling its filters business as a first step to becoming a pure-play components business as the company said its results were on track to meet full-year expectations.
Summerway to buy medicinal cannabis group Vertigrow
Summerway Capital has agreed to buy Vertigrow Technology, a medicinal cannabis producer, for £80m to take the business public and expand it.
Nu-Oil & Gas to take maritime security business public
Nu-Oil and Gas intends to float on the London Stock Exchange to take the Guardian maritime security business public.
Sunday newspaper round-up: Heathrow, GSK, Roll-Royce
Plans for a third runway at Heathrow may have been dealt a fatal blow after Ferrovial balked at further investment. The Spanish infrastructure investor, Heathrow's top shareholder, signalled the move in protest over the Civial Aviation Authorities's decision to block a 90% rise in landing charges from 2022, which the company said meant shateholders would have to make do with lower returns. - Sunday Telegraph.
CMA to investigate CD&R's Morrisons takeover
The Competition and Markets Authority said on Friday that it is investigating US private equity firm Clayton, Dubilier & Rice’s £7bn takeover of supermarket chain Morrisons.
FirstCash to buy American First Finance in $1.17bn deal
US pawn store operator FirstCash has agreed to buy American First Finance in a $1. 17bn deal.
Synthomer to buy Adhesive Technologies for $1bn
Synthomer has agreed to buy Adhesive Technologies - the Adhesive Resins business of Eastman Chemical Company - for $1bn (£728m) in cash.
Abrdn in talks to buy Finimize platform - report
Abrdn is in advanced talks to buy Finimize, an investment information platform, to increase the asset manager's digital capabilities, according to a report.
Temenos surges as EQT said to consider bid
Temenos shares surged on Wednesday following a report that Swedish buyout firm EQT is considering a potential acquisition of the Swiss banking software specialist.
Entain shares slide as DraftKings walks away
Entain shares tumbled on Tuesday after US-based DraftKings said it will not be making a firm offer for the London-listed gambling group.
Schroders buys River & Mercantile solutions arm for £230m
Schroders has agreed to buy the solutions division of River & Mercantile for £230m to expand its services for pension fund clients.
Exor shares surge on reports of new talks over PartnerRe deal
Shares in Exor jumped on Monday on reports the company had revived talks with French insurer Covea over a possible sale of reinsurer PartnerRE after the deal was scrapped last year due to the Covid pandemic.
PayPal not pursuing acquisition of Pinterest
PayPal is not pursuing an acquisition of Pinterest "at this time", the company said on Sunday.
Co-op Bank makes unsolicited bid for TSB
Co-op Bank surprised investors at the weekend with an unsolicited offer for TSB.
JD Sports buys 80% stake in Greece's Cosmos Sport
JD Sports Fashion on Friday said it had bought 80% of family-owned Greek firm Cosmos Sport for an undisclosed sum.
Primary Health Props buys Irish care centre for €10.1m
Primary Health Properties, an investor in modern primary healthcare facilities, has agreed to buy the Clonbrusk Primary Care Centre in Ireland for €10. 1m.
StanChart among possible bidders for Citi's consumer banking assets in Taiwan
StanChart is among the lenders planning to table bids for Citigroup's Taiwanese consumer banking assets.
Facebook fined £50m by UK regulator over Giphy deal
Social media giant Facebook has been fined £50. 5m for failing to prove it was complying with the competition regulator during a probe into the firm’s takeover of GIF sharing platform Giphy.
PwC disposes of global mobility tax and immigration services unit to CD&R
PwC has disposed of its global mobility tax and immigration services business arm to CD&R in a $2. 2bn takeover deal, the consultancy's largest sell-off in almost 20 years.
DraftKings gets deadline extension for Entain offer
Ladbrokes owner Entain said on Tuesday that the UK Takeover Panel has extended the deadline for US-based DraftKings to announce a firm intention to make an offer for the company or walk away.