Lawfront Sues Slater Heelis Partners For £4.6M Over Sale

By Jamie Lennox

Legal services group Lawfront has filed a £4.6 million ($6.2 million) claim over its acquisition of Slater Heelis, arguing that five of the law firm's partners at the time made false promises about the value of its book of work during the purchase.

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Spain's Iberdrola To Pay €2B For 80% Of Finnish Power Biz

By Najiyya Budaly

Spanish utility giant Iberdrola SA has said it will buy an 80% stake in Finnish electricity distributor Caruna for €2 billion ($2.3 billion) to break into the Nordic country's power market.

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CMA Launches Review Of McCormick's $45B Unilever Deal

By Tom Fish

The competition watchdog has launched a review into the proposed $44.8 billion acquisition by McCormick & Co. Inc. of Unilever PLC's foods business, inviting responses before it decides whether to open a formal merger investigation.

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Vacuum Valve Maker To Buy Chip Tech Company For $136M

By Tom Fish

Swiss vacuum valve maker VAT Group AG said Wednesday it has agreed to acquire Atonarp Inc., a Japanese semiconductor technology company, for 110 million Swiss francs ($135.4 million), to help monitor microchip manufacture at the nanoscale.

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Sirius Buys German Business Park For €49.8M

By Dawood Fakhir

Property investor Sirius Real Estate said Wednesday that it has acquired an industrial business park northeast of Frankfurt for €49.8 million ($56.8 million), further strengthening its German portfolio.

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Writers Guild Wants Paramount-Warner Bros. Block Extended

By Bryan Koenig

The Writers Guild of America asked a California federal judge Wednesday to extend the two-week injunction against Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, warning that permitting the deal to close while challenges proceed would allow the companies to shut down projects and share negotiation information.

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BoE Seeks To Clarify Rules For Financial Mutuals Deals

By Martin Croucher

The Bank of England floated rules on Wednesday designed to encourage the consolidation of smaller financial mutuals as part of a wider effort to double the size of the £223 billion ($298 billion) sector.

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FCA Finds Financial Crime Rule Breaches At Asset Managers

By Alex Davidson

The Financial Conduct Authority raised concerns Wednesday that some asset managers had inadequate financial crime controls in breach of legal requirements and regulatory expectations.

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UK Investment Biz Raises £16.5M In Equity From Shares Sale

By Dawood Fakhir

Investment company CVC Income & Growth said Wednesday that it has raised approximately £16.5 million ($22 million) in equity by selling shares it held in treasury to meet "sustained demand" from individual and institutional investors.

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