Shareholders in U.K. budget airline easyJet approved a takeover by asset manager Apollo worth approximately £5.7 billion ($7.6 billion) on Wednesday, despite opposition from employee groups.
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THURSDAY, NOVEMBER 12, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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EasyJet Shareholders Back £5.7B Apollo Takeover

By Najiyya Budaly

Shareholders in U.K. budget airline easyJet approved a takeover by asset manager Apollo worth approximately £5.7 billion ($7.6 billion) on Wednesday, despite opposition from employee groups.

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Reuters Sues Ex-Directors For $35M Over 'Inflated' Ad Sales

By Joel Poultney

Thomson Reuters has sued the former directors of an insurance news organization for $34.5 million, claiming that the publisher of "The Insurer" inflated advertising sales before the media giant bought the outlet in 2024.

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CMA Warns $25B AkzoNobel-Axalta Deal May Hit Competition

By Irene Madongo

The antitrust regulator said Wednesday that it could launch an in-depth investigation into the proposed merger of Dulux owner AkzoNobel and coatings business Axalta to create a $25 billion company unless they offer fixes to its competition concerns.

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British Drug Developers Plan All-Share Merger And AIM Move

By Dawood Fakhir

British pharmaceutical company Nuformix said Wednesday it has agreed to merge with local rival Biovara Ltd. to create a specialist respiratory medicine testing business that will trade on the junior investment market of the London Stock Exchange.

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M&A

Banking Group Eight Capital Buys Italian Retail Biz For €7.5M

By Tom Fish

Eight Capital said Wednesday it has acquired a 100% stake in commercial distribution business Distribuzione Commerciale Next Srl for €7.55 million ($8.4 million), as the banking group seeks to diversify its revenue.

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Insurance Broker Marsh Buys Investment Firm Wilshire

By Martin Croucher

Insurance giant Marsh has said it will buy investment services business Wilshire Advisors, as it looks to expand its wealth management arm.  

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CAPITAL MARKETS

Milbank Guides Metka's €250M Greek IPO To Back Expansion

By Irene Madongo

Greek infrastructure firm Metka said Wednesday that it will raise approximately €250 million ($277 million) during an initial public offering on the Euronext Athens exchange in order to boost growth.

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Mineral Developer To List Non-Tungsten Biz On AIM

By Dawood Fakhir

Guardian Metal said Wednesday it is planning to spin out its non-tungsten portfolio into a new company which will trade on the junior investment market of the London Stock Exchange, so that the mineral exploration company can focus on becoming a U.S. tungsten developer.

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MERGER REVIEW

CMA Warns On Competition In $45B McCormick-Unilever Deal

By Dawood Fakhir

The antitrust regulator said Wednesday that McCormick's planned $44.8 billion acquisition of the food business of Unilever could harm competition in the U.K. as it concluded the first phase of an inquiry into the proposed deal.

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PENSIONS

CMS Steers £46M Fujifilm Pension Scheme Buy-In Deal

By Irene Madongo

Royal London said Wednesday it has completed a £46 million ($61 million) pension deal with the trustees of the retirement savings plan of digital cameras business Fujifilm UK, in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP.

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LAW FIRMS IN TODAY'S NEWS

CMS Cameron McKenna Nabarro Olswang

Cleary Gottlieb

Clifford Chance

Cravath Swaine

Davis Polk

De Brauw

Dentons

Haynes Boone

Hogan Lovells

Latham & Watkins

Macfarlanes LLP

Milbank LLP

Mills & Reeve

Nabarro LLP

NautaDutilh

One Essex Court

Paul Weiss

Slaughter and May

Wachtell Lipton

Watson Farley

COMPANIES IN TODAY'S NEWS

Apollo Global Management LLC

Axalta Coating Systems Ltd.

BNP Paribas SA

Castlelake LP

Citigroup Inc.

Euronext Amsterdam NV

Fujifilm

Google LLC

HSBC Holdings PLC

London Stock Exchange Group PLC

Marsh & McLennan Cos. Inc.

Morgan Stanley

Thomson Reuters Corp.

Unilever PLC

easyJet plc

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of Greece

Competition and Markets Authority

European Commission

European Union

Federal Trade Commission

U.S. Department of Defense