French electric utility Engie said Wednesday it has agreed to acquire UK Power Networks, a top British electricity distribution operator, for an equity value of £10.5 billion ($14.2 billion) and an enterprise value of £15.8 billion, which is about $21.4 billion.
French electric utility Engie said Wednesday it has agreed to acquire UK Power Networks, a top British electricity distribution operator, for an equity value of £10.5 billion ($14.2 billion) and an enterprise value of £15.8 billion, which is about $21.4 billion.
Lender International Personal Finance said Wednesday that it can pay a special dividend to its shareholders in order to boost a £543 million ($736 million) takeover offer from American specialist finance group BasePoint Capital.
GSK PLC said Wednesday that it has agreed to pay $950 million in cash for Canadian clinical-stage drugmaker 35Pharma Inc., which is developing a medicine to treat a type of high blood pressure known as pulmonary hypertension.
Novo Nordisk said on Wednesday it is partnering with Vivtex Corp. on a deal worth up to $2.1 billion to develop drugs for obesity and related conditions, pressing ahead with a weight loss-drug franchise that has delivered rapid growth alongside regulatory scrutiny and courtroom clashes.
European investor Verdane said Wednesday that it has offered to acquire Augmentum Fintech, a financial technology investment fund, in a cash deal worth about £185.7 million ($252 million).
EQT said Wednesday that it does not plan to make an offer to buy Oxford Biomedica PLC after holding preliminary talks about potentially acquiring the U.K. business.
Roquefort Therapeutics PLC said Wednesday that it plans to leave London's main market as its £30 million ($40.5 million) acquisition of Coiled Therapeutics Inc. "nears completion."
Specialist insurance company Hiscox said Wednesday that it will begin a $300 million share buyback program after posting "record" annual pre-tax profit of $733 million last year.
British and European Union officials signed a new agreement Wednesday promising to notify each other of major merger and antitrust probes and coordinate their efforts "when necessary," in what they called the first dedicated competition cooperation agreement following the United Kingdom's withdrawal from the EU.
M&G PLC said Wednesday that it has completed a £270 million ($365 million) buy-in transaction with a pension program sponsored by Reach PLC, the owner of the Mirror, the Express and other newspapers.
A Lebanese fund said in filings Wednesday in a London court that its founder unilaterally sold $29 million of its investment portfolio behind the backs of shareholders, handing the assets to a Kuwaiti business group — his "true" employer.
A shareholder in the Hut Group won its bid to revive its litigation against the major British online retailer over an allotment of bonus shares on Wednesday as the U.K. Supreme Court rejected its arguments that the claim is time-barred.
In light of growing global coordination on anti-bribery enforcement, the International Foreign Bribery Taskforce’s recent guide to foreign bribery indicators represents a step forward in the standardization of factors for evaluating corruption risks that multinational companies should consider, say lawyers at Paul Weiss.
