CVC said Monday that it will not go ahead with its proposed takeover of Bodycote after the thermal-processing company's board backed a rival £1.85 billion ($2.5 billion) offer from Veritas.
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TOP NEWS

CVC Ends Bodycote Pursuit As Veritas' £1.85B Offer Accepted

By Irene Madongo

CVC said Monday that it will not go ahead with its proposed takeover of Bodycote after the thermal-processing company's board backed a rival £1.85 billion ($2.5 billion) offer from Veritas.

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Irish Landlord Open To €727M Approach From Barings

By Dawood Fakhir

Irish Residential Properties said Monday that it is open to being acquired by asset manager Baring International Investment for approximately €727 million ($827 million) in a proposed cash takeover offer.

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Norway's DNO Won't Raise $396M Bid For Scottish Energy Biz

By Irene Madongo

Norwegian oil and gas firm DNO ASA said Monday it will not increase its $396 million bid for Scottish firm Capricorn, paving the way for rival bidder Genel Energy PLC to forge ahead with its $436 million deal.

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M&A

Brief

Winvia To Buy Online Lottery Cos. For Up To £19.1M

By Dawood Fakhir

Prize-draw operator Winvia said Monday that it has agreed to acquire Britain's The Giveaway Guys and Win Life Competitions for up to £19.1 million ($25.3 million) to strengthen its position in the U.K. lottery market.

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Brief

Leisure Co. To Sell Boom Battle Bar For Up To £11M

By Irene Madongo

Leisure company XP Factory said Monday it has agreed to sell its augmented reality entertainment business for up to £11 million ($15 million) in a move expected to strengthen its balance sheet.

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CAPITAL MARKETS

Energy Biz Serica To Leave AIM For Main Market As Biz Grows

By Joel Poultney

Serica formally announced plans on Monday to upgrade its shares from trading on London's junior market to the main market, which it expects to complete before the end of October.

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MERGER REVIEW

Brief

SocGen, Vodafone Get EU Approval For German Fiber Co. Buy

By Irene Madongo

The European Commission said Monday it has cleared banking giant Société Générale and telecoms company Vodafone GmbH's plan to jointly own German fiber network OXG Glasfaser.

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LAW FIRMS IN TODAY'S NEWS

Ashurst Perkins

Freshfields

Gibson Dunn

HSF Kramer

Linklaters LLP

Pinsent Masons

Thommessen

COMPANIES IN TODAY'S NEWS

Barings LLC

Bodycote

Euronext Amsterdam NV

Genel Energy PLC

London Stock Exchange Group PLC

Veritas Capital Fund Management LLC

Vodafone Group PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Egyptian Competition Authority

European Commission

European Union

Financial Conduct Authority