British engineering firm Goodwin said Wednesday it has agreed to sell a substantial section of its mechanical engineering wing to New York-based investment firm Cerberus Capital Management LP for up to approximately £1.1 billion ($1.5 billion), simplifying its business.
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THURSDAY, SEPTEMBER 10, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Ashurst Steers Engineering Biz Goodwin On £1.1B Asset Sale

By Irene Madongo

British engineering firm Goodwin said Wednesday it has agreed to sell a substantial section of its mechanical engineering wing to New York-based investment firm Cerberus Capital Management LP for up to approximately £1.1 billion ($1.5 billion), simplifying its business.

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Google To Invest €13B In Finland, Boosting AI Infrastructure

By Irene Madongo

Google said Wednesday it has committed €13 billion ($15 billion) to digital infrastructure and clean energy projects in Finland, its biggest single investment in Europe, which is expected to bolster its artificial intelligence ambitions.

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Silver Lake-Owned Software Cos. To Merge In €10B Deal

By Irene Madongo

French software companies Cegid and Silae said Wednesday they plan to merge to create a technology group worth more than €10 billion ($11.6 billion), in a deal that will see the combined business remain in the portfolio of investment company Silver Lake.

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UK M&A Deal Values Swell Despite Fewer Deals, PwC Says

By Dawood Fakhir

Dealmaking activity in the U.K. slowed in the first half of the year, with the number of mergers and acquisitions falling 13%, but their combined value more than doubled to £124.2 billion ($168 billion), accounting giant PricewaterhouseCoopers said Wednesday.

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M&A

A&O-Led Harworth Again Rejects Peel Group's £583M Offer

By Dawood Fakhir

Property developer Harworth has reiterated its rejection of an unsolicited offer worth approximately £583 million ($790 million) from British property investor Peel Group, saying Wednesday that it drastically undervalues the company.

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Glenstone Wins Support For £56.4M Offer For REIT

By Dawood Fakhir

Investment trust Alternative Income recommended on Wednesday that shareholders accept Glenstone's £56.4 million ($77 million) offer, despite saying it undervalues the company after the bidder threatened to wind down the trust if it does not gain full ownership.

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M&A For UK Insurance Agencies Down 16% From 2025

By Joel Poultney

The number of mergers and acquisitions between insurance agencies in the U.K. is 16% lower so far this year than the same period in 2025, a financial adviser has said, with the lowest number of deals announced between June and August since 2017.

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MERGER REVIEW

Paramount Doubles Down On $1.9B Bond Bid In Merger Suit

By Aneeta Mathur-Ashton

Paramount has insisted the Writers Guild of America and state attorneys general cannot avoid putting up a roughly $1.9 billion bond as they challenge the media company's $110 billion acquisition of Warner Bros. Discovery, saying their arguments against its bond bid fail under the Clayton Act.

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Justices Call For Early Response Over Paramount Merger

By Matthew Perlman

The U.S. Supreme Court is giving California and other state enforcers that are challenging Paramount Skydance Corp.'s planned $110 billion purchase of Warner Bros. until later this month to respond to Iowa and Montana's bid to block the merger challenge.

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LITIGATION

Euroclear Beats Sacked Sales Manager's Commission Claim

By Laura Stewart Liberty

Euroclear has beaten a sales manager's claim for commission on its deal to acquire a fintech startup in 2023, with a tribunal finding he was barred from receiving commission after his employment at the startup ended. 

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PEOPLE

Ashurst Adds 6 DLA Tech Pros To Team In Paris

By Ashish Sareen

Ashurst Perkins Coie has hired a team of six lawyers from DLA Piper in Paris to boost its services to clients in technology-linked transactions and disputes.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Ashurst LLP

Ashurst Perkins

Clement & Murphy

Covington & Burling

Cuneo Gilbert

DLA Piper

Davis Polk

Dickson Minto

Farmer Brownstein

Fried Frank

Gowling WLG

Hannes Snellman

Keller Postman

Latham & Watkins

Lawfair LLC

Milbank LLP

O'Melveny & Myers

Shinder Cantor

Travers Smith

Wilkinson Stekloff

Winston Taylor

COMPANIES IN TODAY'S NEWS

AEW Capital Management LP

Alphabet Inc.

Barclays PLC

Cerberus Capital Management LP

Euroclear PLC

Fortum Corp.

Google LLC

JPMorgan Chase & Co.

Jones Lang LaSalle Inc.

London Stock Exchange Group PLC

PricewaterhouseCoopers LLP

Rothschild & Co. SCA

Skydance Media LLC

Tokio Marine HCC

UBS Group AG

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

European Union

Iowa Attorney General's Office

U.S. Department of Justice

U.S. District Court for the Northern District of California

U.S. Supreme Court