M&A
CMA will clear S&P-IHS Markit merger if concerns are addressed
The Competition and Markets Authority said on Tuesday that it plans to clear S&P’s £32bn merger with IHS Markit if the companies can address competition concerns in certain commodity price assessments.
Delivery Hero invests €235m in Gorillas grocery service
Delivery Hero has invested $235m (£199m) in Gorillas in a move that values the Berlin-based grocery delivery company at about $2. 1bn.
Moneysupermarket to buy Quidco for up to £101m as Q3 sales fall 10%
Online price comparison platform Moneysupermarket. com said it was buying consumer cashback website Quidco for up to £101m as it said third-quarter revenue fell 10% in the face of more competition for insurance visitors.
Meggitt sees takeover completing in 2022 despite govt intervention
UK aerospace and engineering firm Meggitt said it still expected its £6. 3bn takeover by US rival Parker-Hannifin to complete next year despite a UK government intervention on national security grounds.
Aristocrat takes a punt on Playtech with £2.1bn bid
Australian gaming machine maker Aristocrat Leisure is buying European gambling software manufacturer Playtech after making a £2. 1bn cash offer, the two companies said on Monday.
National Express given more time for Stagecoach bid
UK bus and train operator National Express has been given until November 16 to make a bid for rival Stagecoach, the two companies said on Monday.
AstraZeneca tells investors to reject TRC Capital 'mini-tender' offer
Pharmaceutical giant AstraZeneca on Monday recommended shareholders of its American depositary shares reject a $115m 'mini-tender' offer from TRC Capital Investment, due to a low bid price.
Glaxo's consumer arm drawing interest from private equity - report
GlaxoSmithKline shares topped the FTSE 100 index on Tuesday following a report that the pharmaceuticals giant’s consumer unit was drawing interest from private equity firms in what could lead to the biggest buyout of all time.
Pacira to buy Flexion Therapeutics in $427.5m deal
Shares of Flexion Therapeutics surged on Monday after it agreed to be bought by Pacira BioSciences in a $427. 5m deal.
Royal Mail buys Canada's Rosneau Transport for £210m
Royal Mail said it had bought Canadian logistics company Rosneau Transport for CAD$360m (£210. 5m).
JTC raises £78.9m in placing to fund acquisition of US-based SALI
Fund management services provider JTC has raised £78. 9m in a placing to help fund the acquisition of US-based SALI.
Boston Scientific to buy Baylis Medical for $1.75bn
Boston Scientific has agreed to buy Baylis Medical for $1. 75bn as it looks to expand its electrophysiology and structural heart product portfolios.
Qualcomm, SSW to buy Veoneer in $4.5bn deal
Qualcomm said on Monday that it and New York-based investment partnership SSW Partners have agreed to buy automotive technology group Veoneer in a $4. 5bn cash deal.
Ovo reportedly set to make bid for energy rival Bulb
Ovo Energy is ready to make a bid for rival Bulb as it looks to consolidate its position in the UK’s struggling energy sector, which has been battered by soaring gas prices and company collapses.
CD&R wins race for UK supermarket chain Morrisons
US private equity group Clayton, Dubilier & Rice (CD&R) has won an auction for the UK supermarket chains Morrisons with a £7bn bid.
Discoverie sells South African business for up to £2.25m
Discoverie has sold its South African distribution business, Vertec, to its management team and key employees for an upfront cash consideration of £1. 25m.