OPmobility SE said Wednesday it has agreed to acquire the entire automotive lighting business of South Korea's Hyundai Mobis for 600 billion Korean won ($443 million).
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TOP NEWS

Hyundai Mobis To Sell Unit To Car Parts Supplier For $443M

By Dawood Fakhir

OPmobility SE said Wednesday it has agreed to acquire the entire automotive lighting business of South Korea's Hyundai Mobis for 600 billion Korean won ($443 million).

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K&S Law-Led Liontrust To Buy Fund Manager Unit For £10M

By Irene Madongo

Liontrust said Wednesday it has agreed to purchase Hawksmoor Investment Management's fund management and model portfolio services business for up to £10 million ($13.3 million) in cash to expand its client base.

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CMA Concerned About Cash Management Co.'s $6.6B Deal

By Irene Madongo

Britain's antitrust watchdog said Wednesday that cash management business Brink's Co.'s planned $6.6 billion acquisition of NCR Atleos Corp. could substantially reduce competition in the U.K. market following its initial probe into the merger.

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CAPITAL MARKETS

Cyprus Mineral Biz Plans To Float On London's Junior Market

By Dawood Fakhir

Mineral exploration company Axies Ventures Ltd. is planning to float on the junior market of the London Stock Exchange by mid-October, according to a filing it submitted to the bourse on Wednesday.

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MERGER REVIEW

Brief

Nuveen's £10B Takeover Of Schroders Wins Court Approval

By Tom Fish

Nuveen can proceed with its £9.9 billion ($13.2 billion) takeover of Schroders after the High Court sanctioned the deal, clearing the way for the City investment manager to be taken private.

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LITIGATION

VietJet Receivership Ordered Over $250M Judgment Debt

By Ronan Barnard

A London judge ordered that receivers should be appointed over the assets of the Vietnamese budget airline VietJet on Wednesday, as a subsidiary of an international private investment company seeks to claw back most of a judgment debt over $250 million.

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EXPERT ANALYSIS

AI Guardrail Considerations For Legal Transaction Teams

With recent guidance from the Solicitors Regulation Authority warning of the risks of artificial intelligence tools not providing the necessary safeguards to maintain client confidentiality, it should be a priority for firms to ensure that nondisclosure agreements are fit for purpose in AI-enabled deals, say lawyers at Baker McKenzie.

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LAW FIRMS IN TODAY'S NEWS

3 Verulam Buildings

Baker McKenzie

Brick Court Chambers

Clifford Chance

Fasken

Freeths LLP

King & Spalding

Linklaters LLP

Sidley Austin

Slaughter and May

XXIV Old Buildings

COMPANIES IN TODAY'S NEWS

Cardtronics PLC

Compagnie Plastic Omnium SA

Deloitte Touche Tohmatsu Ltd.

Euronext Amsterdam NV

Fort Point Capital

KBW, Inc.

London Stock Exchange Group PLC

NCR Atleos Corp.

Nuveen LLC

Schroders PLC

Solicitors Regulation Authority Ltd.

Teachers Insurance & Annuity Association of America

The Brink's Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Conduct Authority

UK High Court

UK Upper Tribunal