UK Opens Probe Into Barratt's £2.5B Redrow Acquisition

By Sam Tabahriti

Britain's antitrust regulator has launched a formal probe into whether Barratt Developments PLC's £2.5 billion ($3.1 billion) all-share deal for rival homebuilder Redrow PLC could harm competition in U.K. markets, according to a statement published Friday on the London Stock Exchange.

Read full article » | Save to favorites »

EQT Extends £2B Offer Deadline For Video Gaming Biz

By Najiyya Budaly

Keywords Studios said Friday that Swiss private equity firm EQT has been granted extra time to make a £2 billion ($2.5 billion) offer after the Irish gaming services group indicated that it could back the deal.

Read full article » | Save to favorites »

France Offers $750M For Atos' Cyber, Data Assets

By Al Barbarino

Information technology firm Atos SE said Friday that it has received a nonbinding offer from the French government to buy certain big data and cybersecurity operations at an enterprise value of €700 million ($750 million).

Read full article » | Save to favorites »

Analysis

Labour Eyes Flexible Financial Regulation To Spur Growth

By Alex Davidson

The Labour Party prioritized financial services growth this week as it eyes Downing Street, suggesting a new era of more flexible regulation to drive technological innovation and competitiveness, regulatory lawyers say.

Read full article » | Save to favorites »

Malaysian Oil Biz Hibiscus Buys TotalEnergies Unit For $259M

By Irene Madongo

Kuala Lumpur-based oil and gas producer Hibiscus Petroleum Berhad said it has agreed to buy a Brunei subsidiary of France's TotalEnergie for $259 million, advised by Malaysian law firm Murad Yee Partnership.

Read full article » | Save to favorites »

Housebuilder Crest Nicholson Rejects £650M Bellway Bid

By Najiyya Budaly

British homebuilder Crest Nicholson said Friday that it has rejected a proposed £650 million ($826 million) offer from rival Bellway, saying that it significantly undervalued the company and its prospects.

Read full article » | Save to favorites »

New Entrant Expected In Pension Transfer Market, LCP Says

By Joel Poultney

Lane Clark & Peacock LLP said that another new insurer will enter the pension transfer market by the end of the year, bringing the total number of companies securing the liabilities of retirement savings plans to a record high.

Read full article » | Save to favorites »

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen toy company Jellycat hit supermarket Aldi with an intellectual property claim, AIG start proceedings against firefighting foam company Angus International Safety Group, and the Solicitors Regulation Authority file a legal claim against the Post Office amid the ongoing Horizon IT scandal. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »