The London bourse must reconcile how shareholder rights, ownership and settlement will interact with the tokenized versions of stocks it plans to launch to ensure listed companies have adequate protections when completing transactions and funding rounds, lawyers say.
The London bourse must reconcile how shareholder rights, ownership and settlement will interact with the tokenized versions of stocks it plans to launch to ensure listed companies have adequate protections when completing transactions and funding rounds, lawyers say.
A subsidiary of German chemical company BASF offloaded 133 million shares in Harbour Energy for approximately £354 million ($478 million), BASF Handels said Friday.
A former Goodwin Procter lawyer pleaded not guilty to insider trading at a London court on Friday over allegations that he traded securities while working on a deal to take a British maternity-wear company private.
Britain's merger and acquisitions authority said Friday that it has put restrictions on a consortium including investment manager Toscafund during its £1 billion ($1.4 billion) takeover of Spire Healthcare because a company linked to the buyers violated the Takeover Code by selling shares in the London-listed target.
London-listed private investment company Bridgepoint said Friday it will convene a general meeting for shareholders to vote on its proposed $1.4 billion purchase of Kayne Anderson Real Estate, an alternative real estate investor in the U.S.
British specialist recruitment company SThree rejected an unsolicited takeover proposal from U.S.-based Circle8 Group on Friday, saying it significantly undervalued the business, although Circle8 can still make a firm offer for the company under U.K. takeover rules.
Supermarket Income REIT said Friday it has bought six grocery assets in Britain, including stores, a retail park and a distribution center, for £104 million ($140.5 million) as the landlord to leading supermarkets looks to diversify its portfolio.
The board of a London-listed investment trust managed by BlackRock Inc. said Friday it is launching a strategic review and seeking proposals for its future, citing challenges arising from its structure and costs.
The past week in London has seen Pogust Goodhead embroiled in a legal dispute with claimants in the Mariana dam litigation, and be sued by a barrister who represented it during the case, and Mexican broadcaster TV Azteca file commercial fraud claims against Barclays and Metro Bank.
Norton Rose Fulbright has hired a former Latham & Watkins LLP counsel as a partner in its corporate, M&A and securities practice in London to expand the firm's India practice and support increasing cross-border deal activity.
