Italian company Lottomatica and a Spanish gaming business, Cirsa, said Wednesday that they have agreed to merge to create a European gaming and sports betting giant in a deal that values Cirsa at €2.8 billion ($3.2 billion), excluding debt.
Italian company Lottomatica and a Spanish gaming business, Cirsa, said Wednesday that they have agreed to merge to create a European gaming and sports betting giant in a deal that values Cirsa at €2.8 billion ($3.2 billion), excluding debt.
The Competition and Markets Authority said Wednesday it is investigating whether European power giant E.ON's anticipated acquisition of British retail energy supplier Ovo could harm competition in U.K. markets.
Safety technology business Halma said Wednesday that it has agreed to acquire U.S.-based water quality monitoring company Pyxis for up to $200 million to expand its water safety companies portfolio.
Vertiv Holdings Co. said Wednesday that it has agreed to acquire UtilityInnovation Group, a provider of microgrid controls and behind-the-meter power systems for data centers, for about $1.45 billion in cash at closing plus up to $1.15 billion in additional consideration tied to earnings targets.
Tower Insurance Brokers has acquired insurance intermediary Riskworks Business Services Ltd. as it "sets its sights" on expanding in northwest England and beyond.
Optics technology provider Gooch & Housego, advised by Burges Salmon LLP, said Wednesday that it cleared a regulatory hurdle in its proposed acquisition by Kirkland & Ellis LLP-led private equity shop Arlington Capital, as the antitrust waiting period for the £346 million ($470 million) deal has expired.
A former director at a cybersecurity company has sued his business partners, alleging they ousted him to force him to sell his shares at half their fair value and derail a potential technology sale to Mastercard.
Britain's tax authority didn't misinterpret tax legislation when it applied anti-avoidance rules to a holding company's payout of £10 million ($13.5 million) to shareholders, a London tribunal ruled Wednesday.
