Educational software maker Jenzabar said Tuesday that it is planning to make a £238 million ($315 million) takeover bid for British rival Tribal Group to deter a sale of the company to Main Capital Partners.
Educational software maker Jenzabar said Tuesday that it is planning to make a £238 million ($315 million) takeover bid for British rival Tribal Group to deter a sale of the company to Main Capital Partners.
The antitrust watchdog said Tuesday that it provisionally believes that a proposal by the Co-operative Group to sell 15 convenience stores and two funeral homes would allay its competition concerns over the retailer's completed acquisition of a rival.
British giant AstraZeneca said Tuesday it will invest $2 billion in oncology specialist Summit Therapeutics and partner with the U.S. biopharmaceutical firm to boost its cancer treatment portfolio.
French electrical equipment company Rexel said Tuesday it has raised approximately €500 million ($567 million) in equity to help fund its $1.4 billion acquisition of U.S.-based specialty wire and cable maker GCG.
Molten metal engineering company Vesuvius said Tuesday it has received "a series of unsolicited nonbinding indicative proposals" from Austrian rival RHI Magnesita NV, the latest of which values the British company at about £1.37 billion ($1.8 billion).
Mining business Meantime Resources PLC is planning to float its stock on London's Alternative Investment Market, a move it believes will raise its profile and improve access to capital, according to its pre-admission disclosure published Tuesday.
Clara Pensions announced Tuesday that it has agreed to take on around 1,300 members and approximately £135 million ($178.5 million) in assets from the retirement savings plan of safety products business Arco Group.
A Swedish haulage giant has denied sabotaging a British company it acquired in order to avoid paying the sellers a performance bonus, instead blaming a slump in post-takeover revenue on economic shifts after Brexit.
Debevoise & Plimpton has hired Freshfields' global co-head of private funds and secondaries as a partner, bolstering its private fund transactions and investment management groups in London.
