Transactions UK

  • March 27, 2024

    Renault Sells More Nissan Shares For €362M

    French carmaker Renault said Wednesday that it will sell more than 100 million shares of its partner Nissan Motor Co. Ltd. back to the Japanese automaker as part of plans to reduce its Nissan shareholding.

  • March 27, 2024

    Mining Royalties Biz Ecora Launches $10M Buyback

    Ecora Resources PLC began a share repurchase program worth up to $10 million on Wednesday, citing concerns that its stock is undervalued.

  • March 27, 2024

    Shoosmiths, CMS, HSF Guide £510M Pension Deal For Next

    High street clothing retailer Next PLC has offloaded £510 million ($643 million) of its retirement scheme liabilities to Pension Insurance Corp. PLC, in a deal steered by law firms Herbert Smith Freehills LLP, Shoosmiths LLP and CMS Cameron McKenna Nabarro Olswang LLP.

  • March 27, 2024

    Diploma To Buy US Aircraft Fasteners Maker For £236M

    Specialty fastener and adhesive company Diploma said Wednesday that it has agreed to acquire U.S.-based Peerless Aerospace Fastener LLC, which makes bolts and nuts for aircrafts, for approximately £236 million ($300 million) to boost its own aerospace fastener production.

  • March 27, 2024

    Consumer Goods Giant To Launch 3rd Part Of £1B Buyback

    Reckitt Benckiser Group PLC said Wednesday it will soon launch the third and final part of its up to £1 billion ($1.3 billion) share repurchase program aimed at cutting down its outstanding share capital.

  • March 27, 2024

    Clifford Chance Helps Italy Sell 12.5% Of Monte Dei Paschi

    Italy has sold 12.5% of the shares in Monte dei Paschi for €650 million ($704 million) in total, to reduce its 2017 bail-out holding in the Italian lender said to be the world's oldest bank.

  • March 27, 2024

    Skadden Steers Int'l Paper's £5.7B Bid For DS Smith

    International Paper Co. has made a £5.72 billion ($7.22 billion) proposed offer for British rival DS Smith PLC as it seeks to compete with the earlier bid of £5.1 billion made by Mondi PLC.

  • March 26, 2024

    Pet Drug Maker Faces EU Probe For Axing Pipeline Dog Med

    The European Union's antitrust authority said Tuesday it has launched a probe into whether Zoetis Inc. had illegally blocked competition by acquiring a pipeline product designed to treat pain in dogs and axing a potential rival's deal to sell it.

  • March 26, 2024

    Platinum Miner Tharisa Launches $5M Share Buyback

    Southern African-focused Tharisa PLC on Tuesday began a share repurchase program worth up to $5 million, amid concerns its stock is undervalued on the markets.

  • March 26, 2024

    Carrefour Buying €365M Of Its Shares From Store Owner

    Hypermarkets giant Carrefour said on Tuesday that it will buy back almost 3.5% of its share capital from the owner of the Galeries Lafayette department store chain for €365 million ($396 million), part of its wider €700 million share repurchase program.

  • March 26, 2024

    Insurance Execs Deny BDO Found Buyer For £18.5M Sale

    Directors of KGJ Insurance Services have denied owing advisory fees to BDO LLP following the sale of the insurance broker for an estimated £18.5 million ($23.4 million), claiming that BDO never proposed or introduced the buyer itself.

  • March 26, 2024

    Engineering Biz Smiths Kicks Off £100M Buyback Program

    Smiths Group PLC on Tuesday began the first half of a £100 million ($127 million) share repurchase program aimed at reducing its outstanding share capital, as it announced improved earnings and ushered in a new chief executive.

  • March 26, 2024

    UK Clears £1.2B Atlanta-Markerstudy Insurance Broker Merger

    Britain's antitrust authority said Tuesday it has cleared the planned merger between Atlanta Group and Markerstudy, a deal that values Ardonagh's home and car insurance business at £1.2 billion ($1.5 billion), after finding that the deal will not harm competition in domestic markets.

  • March 26, 2024

    Revolution Bar Chain Considers Putting Itself Up For Sale

    Revolution Bars said Tuesday that it may put itself up for sale to maximize value for shareholders in the chain of bars as the hospitality industry continues to struggle after COVID-19 and amid a cost-of-living crisis.

  • March 25, 2024

    Man Denies Conspiring Against Game Host's Ex-Biz Partner

    A man accused of conspiring with convicted HBOS fraudster Mark Dobson to acquire a company from the ex-business partner of TV personality Noel Edmonds by undervaluing it has denied that any plot existed.

  • March 25, 2024

    Qualcomm Halts Plan To Buy Israeli Biz Under Regulatory Heat

    The Federal Trade Commission is celebrating Qualcomm's decision to abandon its attempts at acquiring an Israeli company that makes chips that allow vehicle-to-vehicle communication after too much regulatory pushback.

  • March 25, 2024

    Virgin Seeks Full $200M In Train Brand Feud After $115M Win

    Virgin Enterprises Ltd. has sued Brightline Holdings LLC for the full $200 million exit fee for backing out of its train brand licensing deal after already winning $115 million, arguing in documents made public on Monday that it's owed a boosted exit fee because of a change in control of the U.S. rail operator.

  • March 25, 2024

    Novo Nordisk Inks $1.1B Deal For German Pharma Biz

    Danish pharmaceutical giant Novo Nordisk A/S said Monday it has signed a deal to acquire Cardior Pharmaceuticals of Germany for just over €1 billion ($1.1 billion) to widen its focus on cardiovascular diseases.

  • March 25, 2024

    Taseko To Become Sole Owner Of Copper Mine In $105M Deal

    Mining company Taseko said Monday that it has agreed to acquire the remaining interest in the second-largest copper mine in Canada for up to $142 million Canadian dollars ($105 million).

  • March 25, 2024

    PE Firms Fuel 30% Rise In 2023 European Insurance M&A

    The number of deals involving European insurance businesses rose by 30% last year, fueled by an increased role of private equity financing in the sector, a consultancy said Monday.

  • March 25, 2024

    Communications Biz To Return £35M To Shareholders

    Gamma Communications PLC unveiled on Monday a share repurchase program of up to £35 million ($44 million) aimed at lowering its outstanding share capital and rewarding investors as the company reported a surge in pretax profits.

  • March 25, 2024

    DLA Piper, Clifford Chance Guide £44M Sale Of London Asset

    Property investment firm Helical PLC said Monday that it has agreed to sell a London office building to an affiliate of investment manager Ares Management for £43.5 million ($55 million) in a deal led by Clifford Chance LLP and DLA Piper.

  • March 25, 2024

    EU Says Lufthansa Deal Could Harm Air Transport Competition

    Europe's antitrust authority said on Monday that Lufthansa's plan to buy a 41% stake in ITA Airways for €325 million ($352 million) could lead to higher prices and poorer service for passengers taking flights in and out of Italy.

  • March 25, 2024

    Ageas Drops £3.2B Direct Line Offer After Pushback

    Belgian-French insurer Ageas has pulled its £3.2 billion ($4 billion) proposed bid for Direct Line after the British rival continued to snub its offers.

  • March 25, 2024

    KKR To Complete £1.3B Takeover, Delist Smart Metering Co.

    Private equity giant KKR said Monday that it will complete its £1.3 billion ($1.6 billion) takeover of a British energy infrastructure company and take its shares off the London Stock Exchange.

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