Transactions UK

  • May 03, 2024

    US Investors Make $835M Offer For Swedish Legal Info Biz

    The board of Swedish professional information services provider Karnov Group said Friday that it is backing a 9.06 billion Swedish kronor ($835 million) takeover offer from U.S. investment firms Greenoaks Capital Partners LLC and Long Path Partners LP.

  • May 02, 2024

    Whistleblower Claims Would 'Destroy' Autonomy, GC Was Told

    Autonomy's former U.S. general counsel testified Thursday in the criminal fraud trial of former CEO Michael Lynch that the company's chief operating officer didn't want a whistleblower's claims to get into court, telling him that while the "law" was on their side, "the facts look bad" and would "destroy Autonomy."

  • May 02, 2024

    House Seeks FTC Info On Scuttled Amazon-IRobot Deal

    The Republican-controlled House Committee on Oversight and Accountability is launching an investigation into the Federal Trade Commission's purported efforts to block Amazon's purchase of iRobot, according to a Wednesday letter from Rep. James Comer, R-Ky.

  • May 02, 2024

    Insurers Don't Have To Cover Deal Soured Over Bribery Woes

    A London appeals court on Thursday rejected a holding company's bid to overturn a ruling that found its insurers were not liable for losses it suffered when its acquisition of a construction contractor went south after bribery and corruption allegations.

  • May 02, 2024

    Deals Rumor Mill: Coca-Cola, General Mills, MLB's Giants

    Coca-Cola is preparing an IPO for its African bottling division, cereals giant General Mills is exploring selling its North America yogurt business, and a 5% stake in the San Francisco Giants is up for sale at a price that could value the club at $4 billion. Here, Law360 breaks down these and other notable deal rumors from the past week.

  • May 02, 2024

    Freshfields-Led Novartis Inks $1.75B Cancer Drug Co. Buyout

    Novartis AG said Thursday it has agreed to buy U.S. radiopharmaceutical company Mariana Oncology in a transaction worth up to $1.75 billion, as the Swiss pharmaceutical giant moves to bolster its precision nuclear medicine portfolio.

  • May 02, 2024

    Shell To Buy Back $3.5B Worth Of Shares

    Shell PLC said Thursday it will reward its shareholders with $3.5 billion in share buybacks over the next three months, as the energy giant reported a rise in profits to $7.7 billion for the first quarter of the year.

  • May 02, 2024

    ING Kicks Off €2.5B Share Buyback With Q1 Results

    Dutch multinational bank ING said Thursday that it will buy back up to €2.5 billion ($2.7 billion) of its shares to streamline its capital-to-stock ratio, as it announced strong financial results for the first quarter of the year.

  • May 02, 2024

    Adhesives Biz Diploma Buys Sealings Specialist For £38M

    Diploma PLC, a specialty fasteners and adhesives company, said Thursday it has acquired sealings firm PAR Group for approximately £38 million ($47.6 million).

  • May 02, 2024

    DLA Piper Leads Bar Group On Sale Talks With Rival Chain

    Revolution Bars Group PLC said on Thursday that it has held discussions for a potential takeover by U.K. rival Nightcap PLC.

  • May 01, 2024

    Autonomy CEO's Atty Says Judge 'One-Sided' Against Client

    A Steptoe LLP partner representing former Autonomy CEO Michael Lynch in his criminal fraud jury trial accused the judge overseeing the case of making comments to the jury that are "one-sided" in a way that prejudices the defense.

  • May 01, 2024

    BBVA Makes €12B Offer For TSB Parent Sabadell

    Banking giant BBVA on Wednesday said it has proposed to buy Banco de Sabadell for approximately €12 billion ($12.8 billion) in an all-share deal to create one of Europe's largest financial bodies with more than €1 trillion in assets.

  • May 01, 2024

    CMA Worries DJs Might Pay More If Equipment Makers Merge

    The antitrust regulator of the U.K. on Wednesday said that DJ equipment maker AlphaTheta's proposed acquisition of audio technology company Serato could increase costs for DJs in the country to keep partygoers entertained.

  • May 01, 2024

    Gov't To Pay £19K For Worker Status Error

    An employment tribunal has ruled that the government owes a company director £19,522 ($24,371) after the Insolvency Service rejected his redundancy payment claims and mistakenly concluded that he wasn't an employee.

  • May 01, 2024

    Norton Rose-Led Touchstone Bids £24.1M For Rival

    Touchstone Exploration said Wednesday that it has agreed to acquire a rival oil and gas company for approximately £24.1 million ($30 million) in a bid to scale its business in Trinidad and Tobago, with guidance from Norton Rose and Pinsent Masons.

  • May 01, 2024

    UK Safety Biz Halma Acquires Testing Tech Firm For £44M

    Halma PLC said on Wednesday that it has snapped up MK Test Systems Ltd., an electrical testing technology company, for £44 million ($55 million) as it continues to splurge cash on mergers and acquisitions.

  • April 30, 2024

    Ex-Autonomy VP Says CEO Lynch Told Him To Lie To Investors

    A former Autonomy business development executive testified Tuesday that CEO Mike Lynch directed him to lie to a hedge fund investor about prepaid royalty deals that boosted the company's upfront revenue numbers, saying at Lynch's criminal fraud trial that it was hard to say no to the "big boss."

  • May 07, 2024

    Kingsley Napley Hires M&A Pro From Deloitte

    Kingsley Napley LLP has hired a partner from Deloitte LLP as it seeks to expand its corporate practice and its focus on mergers and acquisitions despite the slowdown in the U.K. deals market.

  • April 30, 2024

    Oil Co. Claims Nigeria In For Windfall From $11B Win Legal Bill

    An oil and gas company urged a London appellate court on Tuesday to change the currency for Nigeria's legal costs from a battle over an $11 billion arbitration award due to bribery and fraud, arguing the West African state would profit from exchange rate fluctuations.

  • April 30, 2024

    Morrisons, MFG Close £2.5B Petrol Station Deal

    Morrisons said Tuesday it has closed the sale of its 337 petrol station forecourts and 400 electric vehicle charging points to an independent forecourt operator in a £2.5 billion ($3.18 billion) transaction advised by five law firms including Pinsent Masons LLP.

  • April 30, 2024

    Garrigues-Led BBVA Eyes Deal For Rival Spanish Bank

    Spanish banking giant BBVA confirmed Tuesday it is eyeing a merger with Banco de Sabadell SA for an undisclosed amount.

  • April 30, 2024

    Backing For Concord's $1.5B Hipgnosis Bid Falls

    Support for music rights company Concord Chorus' $1.5 billion bid for rival Hipgnosis Songs Fund Ltd. dropped among the latter's shareholders on Tuesday, after private equity giant Blackstone swooped in with an improved $1.6 billion offer.

  • April 30, 2024

    UAE-Backed Firm Walks Away From Telegraph Deal, Eyes Sale

    RedBird IMI said Tuesday that it will ditch its takeover of Telegraph Media Group and sell the business as the Abu Dhabi-backed private equity firm added that its plans are "no longer feasible," citing a push to ban foreign ownership of British media groups.

  • April 30, 2024

    HSBC To Return Another $3B To Shareholders After Strong Q1

    British banking giant HSBC said Tuesday that it plans to initiate a buyback program of up to $3 billion to reward its shareholders after having a profitable first quarter, following the $2 billion buyback it completed earlier in the year.

  • April 30, 2024

    UK Pension Deal Market Sees Surge In Smaller Transactions

    The number of pension deals worth less than £100 million ($125 million) rose 10% in 2023, according to data released on Tuesday by Aon PLC, as doubts grow over the need for a state-backed consolidator of retirement savings plans.

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