Private investment firm FitzWalter Capital Ltd. said Monday that it has canceled its plans to make a formal bid for Auction Technology after the online marketplace operator rejected its proposed offer of approximately £491 million ($671 million) and denied it due diligence on Jan. 29.
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TOP NEWS

FitzWalter Capital Pulls £491M Offer For Auction Tech Biz

By Dawood Fakhir

Private investment firm FitzWalter Capital Ltd. said Monday that it has canceled its plans to make a formal bid for Auction Technology after the online marketplace operator rejected its proposed offer of approximately £491 million ($671 million) and denied it due diligence on Jan. 29.

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Akin Aids Helios' $292M Plan To Take Payments Biz Private

By Najiyya Budaly

Private equity firm Helios said it plans to pull CAB Payments from the London market in a $292 million deal after the U.K. cross-border payments business endured a rocky spell on the stock exchange.

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Mills & Reeve Guides £16M Pensions Deal For UK Charity

By Tom Fish

Just Group PLC said Monday that it has completed a buy-in transaction worth £16 million ($22 million) to secure the retirement benefits for members of the pension plan of a charity which cares for disabled military veterans.

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DEALS

Brief

Pensions Biz Chesnara Completes £260M Buy Of HSBC Life

By Dawood Fakhir

British pensions company Chesnara PLC said Monday that it has completed the acquisition for approximately £260 million ($355 million) of the specialist life protection and investment bond provider of banking giant HSBC, boosting its assets to approximately £18 billion.

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Monthly Merger Review Snapshot

By Matthew Perlman

U.S. enforcers reached three new merger settlements, while the Federal Trade Commission successfully blocked a $945 million heart valve deal and lodged an appeal for its case targeting Meta's past acquisitions.

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LITIGATION

Netflix Slams HBO Max User's Challenge To Warner Bros. Deal

By Gina Kim

Netflix argued that an HBO Max subscriber lacks standing to challenge its plan to buy Warner Bros. Discovery, telling a California federal judge Friday that the subscriber doesn't show how the merger would injure her, as she's never subscribed to Netflix and doesn't say she plans to.

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PEOPLE

Hill Dickinson Boosts London Finance Practice With 2 Hires

By Tom Fish

Hill Dickinson LLP has added two banking and emerging markets specialists as consultants in London to lead the U.K. launch of its global finance team.

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Squire Patton Adds New Head Of IP, Tech In Dublin

By Tom Fish

Squire Patton Boggs LLP has hired a trademark and design lawyer to head its intellectual property and technology practice in Ireland, strengthening the international firm's Dublin office as it continues to expand in the country.

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LAW FIRMS IN TODAY'S NEWS

Akin Gump

Bathaee Dunne

Fasken

Hill Dickinson

Howard Kennedy LLP

Latham & Watkins

McGuireWoods

Meritz Reddy

Mills & Reeve

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Squire Patton

White & Case

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NRG Energy Inc.

Netflix Inc.

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United Nations