IP Group’s board of directors on Monday unanimously rejected a sweetened 71.3 pence-per-share takeover proposal from its largest shareholder, Railpen, citing significant undervaluation of the company and its...
International News
TGJones owner Modella weighs takeover of Harvey Nichols, Sky News reports
British private equity firm Modella Capital has expressed interest in buying luxury department store chain Harvey Nichols, Sky News reported on Monday, citing industry sources. Here are some more details: The...
ConocoPhillips takes 42% stake in BP Iraq venture
ConocoPhillips announced Friday that it had reached a deal with BP to join as a minority partner in the British company’s oil production venture in northern Iraq. The US company will acquire a 42 percent interest...
Samsung Biologics to launch $1.8 billion all-cash bid for PolyPeptide
South Korea’s Samsung Biologics will launch a 1.46 billion Swiss francs ($1.81 billion) all-cash bid for Swiss contract drugmaker PolyPeptide, the companies said in separate statements. The offer at 44.31 Swiss...
Telecom Italia board backs Poste’s takeover offer
Telecom Italia’s (TIM) board on Saturday unanimously approved Poste Italiane’s voluntary public tender and exchange offer for all of the company’s shares. Poste became TIM’s largest single...
UK’s IP Group gets sweetened takeover offer from top investor Railpen
Railpen, the largest shareholder in Britain’s IP Group, said on Friday it has made a sweetened takeover offer for the early-stage science investor, nearly a month after IP Group rejected an earlier approach...
Seven & i shares jump 3% on Zabka stake talks in Europe push
Shares in Seven & i rose 3% in Tokyo on Friday as the Japanese retailer said it was in talks to buy a stake in Polish convenience store operator Zabka Group as it seeks new growth drivers following investor...
Coles ends talks with TPG Capital over Greencross buy, shares jump
Australia’s Coles Group said on Friday it had ended discussions with U.S. private equity firm TPG Capital over a potential acquisition of Greencross Pet Wellness, sending its shares up as much as 5%. The...
Dassault Systemes in talks to buy drug trial software firm ArisGlobal, FT reports
French software maker Dassault Systemes is in talks to buy drug-trial software maker ArisGlobal from Nordic Capital for about $2 billion, the Financial Times reported on Thursday, citing people familiar with the...
Lilly enters psychedelic drug race with up to $3.8 billion AtaiBeckley deal
Eli Lilly will buy AtaiBeckley for up to $3.8 billion, the company said on Thursday, joining a race among pharma majors to develop psychedelic treatments for depression and other mental health conditions. The deal taps...
Italy’s Angelini Pharma completes $4.1 billion state-backed takeover of Catalyst
Angelini Pharma said on Thursday it had completed the acquisition of U.S. rare-disease drug maker Catalyst Pharmaceuticals in a $4.1 billion deal involving Italian state lender CDP. The acquisition gives Angelini full...
Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy
Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10%, a move it said would help it deploy...
