Belgian-Dutch pharma company Argenx SE said Monday that it has agreed to acquire Forte Biosciences Inc. for approximately $2.2 billion, building on its existing investment in the U.S. company.
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Freshfields-Led Drug Co. To Buy Forte Biosciences For $2.2B

By Dawood Fakhir

Belgian-Dutch pharma company Argenx SE said Monday that it has agreed to acquire Forte Biosciences Inc. for approximately $2.2 billion, building on its existing investment in the U.S. company.

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KKR, ECP Win Energy Biz Backing For Up To £5.75B Takeover

By Najiyya Budaly

DCC Energy PLC said Monday that it is backing an offer worth up to £5.75 billion ($7.7 billion) from KKR and Energy Capital Partners, making it the latest London-listed company targeted in a take-private deal by U.S. buyers.

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Pensions Biz Railpen Walks Away From IP Group Bid

By Tom Fish

IP Group said Monday that it will press ahead with its existing strategy after the company's largest shareholder, a U.K. retirement savings plan for railway staff, formally withdrew from a possible takeover.

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DEALS

Slaughter And May-Led Serica To Buy Rival Pharos For £146M

By Dawood Fakhir

Serica Energy said Monday that it will acquire its rival oil producer Pharos Energy for approximately £145.7 million ($193.85 million) in a deal that will expand its footprint to Asia and Africa.

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Pensions Trustees 'Must Look Beyond Buy-In Deals'

By Tom Fish

Trustees of U.K. defined benefit schemes should not view the completion of a pension buy-in as the end of their long-term plans, a retirement saving specialist warned Monday.

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CAPITAL MARKETS

Brief

Biopharma Biz Scancell's Equity-Raising Hits £16M

By Irene Madongo

Scancell said Monday that it has raised £2.7 million ($4 million) from retail investors, taking the total amount secured through that share sale and a separate placing to £15.7 million.

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Brief

Johnson Matthey Confirms Plan To Return £1B To Investors

By Irene Madongo

Chemicals manufacturer Johnson Matthey confirmed Monday that it plans to return around £1 billion ($1.3 billion) to shareholders now that the £1.33 billion sale of its Catalyst Technologies business to U.S. tech company Honeywell is complete.

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LAW FIRMS IN TODAY'S NEWS

Arthur Cox

Ashurst Perkins

Cleary Gottlieb

Freshfields

Gibson Dunn

Kirkland & Ellis

Latham & Watkins

Matheson LLP

Slaughter and May

Travers Smith

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

BNP Paribas SA

BP PLC

Barclays PLC

DCC PLC

Energy Capital Partners LLC

Energy Capital Partners Management LP

Euronext Amsterdam NV

Guggenheim Partners LLC

Honeywell International Inc.

Johnson Matthey PLC

KKR & Co. Inc.

London Stock Exchange Group PLC

Morgan Stanley

Nasdaq Inc.

The Goldman Sachs Group Inc.

UBS Group AG

argenx SE

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Union

Irish High Court