London-listed specialty insurer Beazley said on Wednesday that shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting...
Reuters.com
UK’s Intertek considers EQT’s $11.2 billion sweetened takeover bid
British product testing firm Intertek on Wednesday said it is reviewing a sweetened takeover proposal from Swedish private equity group EQT AB, valuing it at 8.3 billion pounds ($11.22 billion). EQT is now offering...
RTL wins unconditional EU antitrust approval for Sky Deutschland acquisition
European broadcaster RTL secured unconditional EU antitrust approval for its Sky Deutschland acquisition on Wednesday after regulators said the deal would not pose any competition concerns in Europe. The deal would...
Deutsche Telekom exploring merger with T-Mobile, Bloomberg News reports
Deutsche Telekom is considering a full combination with T-Mobile US that could result in the largest public M&A deal on record, Bloomberg News reported on Tuesday, citing people familiar with the matter. The...
Belgium’s Kpler launches minority stake sale valuing firm at up to $5 billion, sources say
Commodities data and analytics firm Kpler has launched a sale process for a large minority stake that could value the company at nearly $5 billion, according to two people with knowledge of the matter. Private equity...
AB Foods to spin off Primark in bid to unlock group’s value
Associated British Foods plans to spin off Primark from its food businesses, telling investors on Tuesday that the fashion retailer will be better positioned to grow on its own. AB Foods said financial markets will...
Enagas buys 31.5% stake in French grid operator Terega for 573 million euros
Spanish gas grid operator Enagas said on Tuesday it had reached an agreement with Singapore sovereign wealth fund GIC to buy its 31.5% stake in French gas grid operator Terega for 573 million euros ($674.65 million)...
Trump opposes United–American merger, signals support for Spirit
U.S. President Donald Trump said on Tuesday he opposes a potential merger between United Airlines and American Airlines, signaling resistance to a deal that would reshape the U.S. airline industry. “I don’t...
Power startup Fermi rejects former CEO’s call for sale of company
Fermi on Tuesday rejected former CEO Toby Neugebauer’s call for an immediate sale of the U.S. power startup, saying such a move was “not in the best interest” of the company. Neugebauer, who co...
Horse racing-Churchill Downs to buy Preakness intellectual property for $85 mln
Churchill Downs Incorporated announced on Tuesday that it had entered into a definitive agreement to acquire the intellectual property of the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Racing for $85...
Jack Daniel’s maker Brown-Forman favors Pernod Ricard bid over Sazerac, source says
The family that controls Jack Daniel’s maker Brown-Forman favors a potential sale to French distiller Pernod Ricard over a rival proposal from American spirits group Sazerac, a person familiar with the matter...
Private equity firms submit offers for Schroders’ Benchmark unit, Sky News reports
A group of private equity firms submitted initial bids for Benchmark Capital, the financial planning business of Schroders, Sky News reported Monday, as the British asset manager moves ahead with a 9.9 billion pound...
