The board of Hargreaves Lansdown said Thursday that it has rejected a proposed £4.7 billion ($6 billion) takeover offer from a consortium of private equity companies, including CVC and the sovereign wealth fund of Abu Dhabi.
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TOP NEWS

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Hargreaves Lansdown Snubs £4.7B Bid From CVC, Abu Dhabi

By Najiyya Budaly

The board of Hargreaves Lansdown said Thursday that it has rejected a proposed £4.7 billion ($6 billion) takeover offer from a consortium of private equity companies, including CVC and the sovereign wealth fund of Abu Dhabi.

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Billionaire Xavier Niel Mulling Potential $4.1B Millicom Buyout

By Al Barbarino

French billionaire Xavier Niel's Atlas Investissement confirmed Thursday that it is exploring a potential all cash tender offer for Luxembourgish telecommunications provider Millicom International Cellular SA. 

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Skadden-Led Hg Buys Risk Platform Co. AuditBoard For $3B

By Jade Martinez-Pogue

Cooley LLP-advised AuditBoard Inc. on Thursday announced that it has agreed to be bought by European software and services business investor Hg Capital, guided by Skadden Arps Slate Meagher & Flom LLP, in a deal valued at over $3 billion.

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M&A

Linklaters Leads Tate & Lyle To Exit US JV For $350M

By Dawood Fakhir

Food producer Tate & Lyle said Thursday that it has agreed to sell its remaining stake in its ingredients business in the Americas to U.S. investment firm KPS Capital Partners for $350 million in a deal guided by Linklaters LLP.

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Deals Rumor Mill: NY Yankees, Abu Dhabi Bank, Int'l Paper

By Al Barbarino

Yankees’ minority stake could hit the market, First Abu Dhabi could pay $8 billion for a stake in an Istanbul-based lender, and Suzano could sweeten its $15 billion bid for International Paper. Here, Law360 breaks down the notable deal rumors from the past week.

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CAPITAL MARKETS

Linklaters Guides National Grid On £7B Rights Issue

By Irene Madongo

National Grid said on Thursday that it will raise net funds of approximately £7 billion ($9 billion) by issuing shares to investors as the owner and operator of gas and electricity networks looks to finance an infrastructure upgrade.

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A&O Shearman-Led Great Portland Estates To Raise £350M

By Tom Fish

Property developer and investor Great Portland Estates PLC said Thursday it is aiming to raise £350 million ($445.5 million) with a rights issue, as the British property developer and investor eyes exploiting relatively low real estate prices in central London.

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LITIGATION

NY Top Court Revives FanDuel Investors Suit

By Elliot Weld

New York's top appeals court on Thursday revived a suit brought by FanDuel investors who claim they were deprived of profits from a merger, disagreeing with a lower court's interpretation of Scottish law.

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PEOPLE

White & Case Adds Former A&O Tax Pro In Luxembourg

By David Hansen

White & Case LLP announced it has added a tax partner to its Luxembourg office from A&O Shearman who specializes in international and Luxembourg corporate tax law.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Bartlit Beck

Cooley LLP

Herbert Smith Freehills

King & Spalding

Linklaters LLP

Paul Weiss

Proskauer Rose

Quinn Emanuel

Skadden Arps

White & Case

COMPANIES IN TODAY'S NEWS

Abu Dhabi Investment Authority

Ansell Ltd.

Apollo Global Management LLC

Bloomberg

CVC Capital Partners

EQT AB

EQT Corp.

Equinor ASA

Exxon Mobil Corp.

FanDuel Inc.

First Abu Dhabi Bank PJSC

Galp Energia SGPS SA

Hargreaves Lansdown

JPMorgan Chase & Co.

KKR & Co. Inc.

KPS Capital Partners LP

London Stock Exchange Group PLC

Major League Baseball Inc.

Millicom International Cellular SA

National Grid PLC

National Grid Renewables LLC

New York Yankees

Nordic Capital Ltd.

Paddy Power Betfair PLC

Pollen Street Capital Ltd.

Reliance Industries

San Francisco Giants

Severn Trent PLC

Shamrock Capital Advisors LLC

Shell PLC

Tate & Lyle PLC

The Walt Disney Co.

TotalEnergies SE

Vodafone Group PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

World Health Organization