Real estate investor Peel Group said Wednesday that it has raised its offer for Harworth to approximately £600 million ($808 million) after the property developer rejected an initial bid of £583 million and urged its shareholders not to take action.
Real estate investor Peel Group said Wednesday that it has raised its offer for Harworth to approximately £600 million ($808 million) after the property developer rejected an initial bid of £583 million and urged its shareholders not to take action.
European Union antitrust enforcers took the next step Wednesday toward blocking MMG's planned purchase of Anglo American's nickel business out of concern the buyer, which is majority owned by the Chinese government, could divert supplies of an alloy needed for stainless steel production.
The board of marketing company System1 said Wednesday that it "unanimously and unequivocally" rejects the fourth offer of £47.5 million ($64 million) from rival Brave Bison for undervaluing the business and offering no premium for control.
Hugo Boss named the chief executive of Frasers Group as chair of its supervisory board on Wednesday, as the British fashion retailer tightens its grip on the German fashion brand.
Property manager Clearbell Capital LLP said Wednesday it agreed to sell Octagon Retail Park in northern England to U.K. real estate investor Melford Capital for £22.55 million ($30.3 million).
Britain's biggest banks have launched a fundraising program worth approximately £50 million ($67.3 million) to develop a U.K. retail payments infrastructure to rival the Mastercard and Visa monopoly, an industry trade body has said.
The European Commission said Wednesday it has approved Blackstone and Tinicum's joint acquisition of AeroFlow Technologies and British company Senior PLC in an approximately £1.3 billion ($1.75 billion) transaction that the U.S. buyers expect will boost their aerospace and industrial components portfolio.
The U.K.'s antitrust watchdog said Wednesday it has formally begun its review of the planned $44.8 billion acquisition by McCormick & Co. Inc. of most of the global food business of its rival Unilever PLC.
A Florida state appellate court on Wednesday revived an investor's lawsuit alleging he was misled into contributing $2 million to a digital technology company after believing it would serve as a vehicle to purchase an English professional soccer team, saying his fraudulent inducement-related claims were dismissed too quickly.
