The owners of Virgin Media O2 called on Britain's competition authority on Tuesday to reconsider its objection to their proposed $2.7 billion acquisition of Substantial Group after the government handed a free pass to allow BT to rescue TalkTalk.
The owners of Virgin Media O2 called on Britain's competition authority on Tuesday to reconsider its objection to their proposed $2.7 billion acquisition of Substantial Group after the government handed a free pass to allow BT to rescue TalkTalk.
Real estate giant CBRE said Tuesday that it has agreed to acquire data center infrastructure services provider Onnec, in a £760 million ($1 billion) deal guided by Simpson Thacher and A&O Shearman.
A minority stakeholder in Italian pharmaceutical giant Recordati SpA on Tuesday urged fellow shareholders not to accept a consortium's €10.5 billion ($11.8 billion) takeover offer, arguing the bid falls "far short" of the company's real value.
Gulf Keystone Petroleum said Tuesday that it has agreed to merge with rival ShaMaran Petroleum in an all-share deal worth approximately $601 million, creating a major oil producer focused on Iraq and its Kurdistan region.
Acquisition company Bay Capital said Tuesday it will buy Plenty Biologics in a transaction that values the business at £40 million ($53.4 million), and that it would carry out a fundraising round to facilitate the drugs developer's growth.
Schneider Electric said Tuesday it has successfully raised €6 billion ($6.7 billion) in a share sale, which the French technology company intends to use to partially fund its planned $22.6 billion purchase of industrial software provider PTC Inc.
Chancellor of the Exchequer John Healey has rejected calls from other Labour figures to raise capital gains tax in the U.K.'s upcoming budget, according to a newspaper report, in favor of taxes on banks.
Britain's antitrust regulator invited comments Tuesday on whether local medical device maker Intersurgical's proposed $530 million acquisition of two businesses could harm competition in U.K. markets.
The Delaware Chancery Court has refused to toss a suit accusing the London Stock Exchange Group PLC and a few of its subsidiaries of luring MayStreet Inc.'s co-founder and former CEO into selling the company with false promises of growth and then failing to honor post-closing obligations under the merger contract.
Glencore has alleged that Prax Lindsey Oil Refinery misled it into supplying more than $236 million of crude oil through repeated assurances of its solvency that the trader says were false, according to a High Court claim that was recently made public.
Invoice finance lender 4Syte has sued fellow invoice finance provider eCapital for £4 million ($5.3 million), alleging it deliberately concealed fraudulent activity by six borrowers before they were transferred to 4Syte.
