Tate & Lyle PLC said on Thursday that rival food ingredients group Ingredion Inc. of the U.S. has tabled a preliminary takeover offer that could value the British company at £2.74 billion ($3.67 billion).
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TOP NEWS

Ingredion Makes £2.7B Bid For UK Rival Tate & Lyle

By Tom Fish

Tate & Lyle PLC said on Thursday that rival food ingredients group Ingredion Inc. of the U.S. has tabled a preliminary takeover offer that could value the British company at £2.74 billion ($3.67 billion).

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Asset Manager Toscafund Makes £1B Bid For Spire Healthcare

By Najiyya Budaly

Spire Healthcare Group PLC said Thursday that it could back a £1 billion ($1.4 billion) possible cash offer from Toscafund Asset Management LLP after takeover talks with two other British investment companies failed.

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Founder To Buy Remaining Essensys Shares In £11.3M Deal

By Dawood Fakhir

Essensys said Thursday that the bidding company formed by its founder to buy the troubled property software business will shortly begin to acquire by force the remaining shares from shareholders who have not yet accepted its takeover offer of approximately £11.3 million ($15.3 million).

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DEALS

Aviva Pension Deals Halved Amid Tough Market

By Martin Croucher

Insurance giant Aviva PLC reported Thursday a steep decline in pension deals in the first quarter, owing to new competitive pressures in the market.

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Brown-Forman Rejects $15B Takeover Offer, More Rumors

By Jade Martinez-Pogue

Alcoholic drink maker Brown-Forman rejected rival Sazerac's $15 billion takeover offer; fintech Digital Asset is seeking a $2 billion valuation with its latest funding round; and shoemaker Skechers has upped its offer to settle an investor lawsuit.

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CAPITAL MARKETS

Brief

Slaughter And May Advises Retail Bank On £10M Buyback

By Irene Madongo

British retail lender Secure Trust Bank PLC said on Thursday that it is on track to roll out its £10 million ($13.5 million) share repurchase program aimed at rewarding investors.

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Brief

Investment Manager 3i Group Kicks Off £750M Share Buyback

By Irene Madongo

British investment manager 3i Group PLC launched a share repurchase program of up to £750 million ($1 billion) on Thursday in a move to downsize its share capital.

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LAW FIRMS IN TODAY'S NEWS

Linklaters LLP

Osborne Clarke

Reed Smith

Slaughter and May

COMPANIES IN TODAY'S NEWS

3G Capital

3i Group

Andreessen Horowitz LLC

Aon PLC

Apollo Global Management LLC

Aviva PLC

Aviva SA

Barclays PLC

Barnes & Noble Inc.

Bridgepoint Advisers Ltd.

Brown-Forman Corp.

Citigroup Inc.

DRW Holdings LLC

Digital Asset Holdings LLC

Elliott Investment Management LP

FT Partners

Fort Point Capital

Greenhill & Co. Inc.

Ingredion Inc.

Jack Daniel's Properties Inc.

London Stock Exchange Group PLC

Pernod Ricard SA

Rothschild & Co. SCA

Sazerac Co. Inc.

Skechers USA Inc.

Tate & Lyle PLC

Tesco PLC

The Goldman Sachs Group Inc.

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

National Health Service

Prudential Regulation Authority