Freshfields, Wachtell Guide Uber's $14.8B Delivery Hero Deal

By Najiyya Budaly

Uber will buy Germany's Delivery Hero for $14.8 billion, the companies said on Thursday, after the U.S. ride-hailing and food delivery giant began building its stake in its European competitor this year.

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Consortium Wins More Time To Finalize £5.7B Energy Biz Buy

By Tom Fish

DCC PLC said Thursday a consortium led by U.S. private equity firms KKR and Energy Capital Partners LP has won more time to finalize a recommended takeover worth £5.7 billion ($7.8 billion).

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UK Nationalizes British Steel After China Talks Collapse

By Tom Fish

The government said Thursday that it has formally brought British Steel into public ownership to safeguard its industrial capacity, protect thousands of jobs and secure supplies for critical infrastructure.

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Businessman To Repay $4.9M In Rajasthan Royals Stake Fight

By Eddie Beaver

Businessman Raj Kundra must repay $4.9 million he received under a settlement resolving disputes over his former Rajasthan Royals stake, as a London court ruled Thursday that he has no realistic prospect of defeating claims that his social media posts about the cricket franchise breached the agreement.

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Freshfields-Led ABB Weighs £4B Offer For UK's Rotork

By Dawood Fakhir

ABB said Thursday that it has agreed to acquire British flow technology company Rotork in a cash take-private deal valuing it at approximately £4.1 billion ($5.5 billion) to expand its industrial automation portfolio.

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PIC Completes £4.3B Rolls-Royce Pension Plan Buyout

By Joel Poultney

Pension Insurance Corporation PLC has taken on full responsibility for all 36,000 members of the Rolls-Royce UK Pension Fund, just nine months after signing a £4.3 billion ($5.8 billion) deal with the British aerospace and defense giant.

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Kirkland-Led Arlington Capital To Buy Optics Biz For £346M

By Tom Fish

U.S. private equity firm Arlington Capital said Thursday it has agreed to acquire Gooch & Housego PLC in an all-cash transaction that values the U.K. optics technology company at £345.6 million ($467 million).

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FirstCash Raises Takeover Offer For UK Rival To £232M

By Dawood Fakhir

U.S. pawnshop operator FirstCash said Thursday that it has increased its take-private bid for Ramsdens to £232 million ($313 million) in cash after discussions with advisers and shareholders of the British rival.

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Data Center Operator Csquare Prices $1.1B IPO Below Range

By Jade Martinez-Pogue

Dallas-based data center operator Csquare hit the public markets Thursday after raising $1.1 billion in its initial public offering steered by Paul Weiss Rifkind Wharton & Garrison LLP and Latham & Watkins LLP.

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Enviro Energy Tech Biz Raises £7.3M In Share Sale

By Irene Madongo

Clean Power Hydrogen PLC said Thursday it has raised approximately £7.3 million ($10 million) after a share sale, adding that it plans to use the money to back revised business plans.

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Kingfisher Starts £50M Buyback In 2nd Phase Of £300M Plan

By Irene Madongo

B&Q owner Kingfisher PLC launched a share buyback program worth up to £50 million ($68 million) on Thursday, marking the second phase of a £300 million stock repurchase scheme.

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Deals Rumor Mill

DeepSeek, Shein Inch Closer To IPOs, And More Deal Rumors

By Al Barbarino

China's DeepSeek and Shein and U.S. entertainment company Lionsgate Studios are among the companies nearing potential IPOs or sales, according to recent reports. Initial public offerings from DeepSeek and Shein could value those companies at $71 billion and $40 billion, respectively. A potential price tag for Lionsgate hasn't been disclosed, but the studio behind the "Hunger Games" and "John Wick" movies could attract billions as Bollore Group and Banijay Group emerge as suitors. 

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