Clydesdale and Yorkshire Banks to merge with Virgin Money
Two major banking brands are set to disappear from the High Street following a Virgin Money takeover of Clydesdale and Yorkshire banks, according to the Guardian. The £1.7bn acquisition is expected to...
View ArticleSuppliers worried about Asda/Sainsbury’s merger
Suppliers to supermarkets Sainsbury’s and Asda have expressed concern that the merger of the two chains could lead to increased pressure on price, according to BBC News. Mike Coupe, chief executive of...
View ArticleGKN rejects hostile £7.4bn takeover bid from Melrose
The engineering giant GKN has fought off a £7.4bn hostile takeover from Melrose Industries, according to BBC News. Melrose, which specialises in turning around struggling businesses, claimed it could...
View ArticleMOU signed in ThyssenKrupp/Tata Steel merger
The first step has been taken towards merging Tata Steel and Thyssenkrupp, in a move which would create Europe’s second-largest steel group, according to BBC News. The two companies have been...
View ArticlePoundland gets green light to acquire 99p Stores
British variety store chain Poundland has received formal clearance from the UK’s Competition and Markets Authority...
View ArticleBetfair and Paddy Power plan to merge
UK betting and gaming company Betfair and Irish bookmaker Paddy Power have announced plans for possible...
View ArticleUS fashion group Gap to acquire Intermix for $130m
US fashion company The Gap Inc (NYSE:GPS) has agreed to acquire women’s fashion boutique Intermix...
View ArticleMexican Coca Cola bottler Femsa acquires Coca Cola bottling unit in...
Coca-Cola Femsa SAB de CV (MXK:KOFL), the bottler of Coca Cola in Mexico, said on...
View ArticleUK’s Pace in early talks to acquire Google’s Motorola Home unit
UK set-top boxes manufacturer Pace Plc (LON:PIC) confirmed it had made an indicative, non-binding proposal...
View ArticleGrowth in automotive supply chain M&A driven by increased UK car production
Fast-growing UK car production is resulting in increased growth in automotive supply chain mergers and acquisitions (M&A), industry advisor KPMG reported on Wednesday. KPMG, a provider of audit,...
View ArticleUS Justice Department investigates planned merger of US Airways and American...
The US Justice Department is taking sworn testimony in the form of depositions under an investigation into the planned USD11bn (EUR8.4bn) tie-up between US Airways Group Inc (NYSE:LCC) and American...
View ArticleIBM acquires US-based cloud computing infrastructure group SoftLayer
US information technology major International Business Machines Corp (NYSE:IBM), or IBM, said it had inked a final accord to acquire domestic cloud computing infrastructure provider SoftLayer...
View ArticleFlybe’s expansion plans negatively impacted by EC’s expected decision to...
UK regional airline company Flybe Group Plc (LON:FLYB) said it is disappointed by the news that the European Commission (EC) will most certainly block Irish low-cost carrier Ryanair Holdings Plc’s...
View ArticleVirgin agrees $23bn merger with US-based Liberty Global
US cable TV operator Liberty Global Inc (NASDAQ:LBTYA) has agreed to take over UK broadband andcommunication group Virgin Media Inc (NASDAQ:VMED, LON:VMED) in a cash-and-stock deal worth some USD23.3bn...
View ArticleUK property group Land Securities closes £112m investment in X-Leisure
UK real estate investment trust Land Securities Group Plc said today it had wrapped up the acquisition of a further 42% stake in the X-Leisure Fund and 100% of X-Leisure Limited and X-Leisure (General...
View ArticleSteel giant ArcelorMittal favourite to acquire ThyssenKrupps Alabama plant
Luxembourg-based steel and mining group ArcelorMittal (AMS:MT) is one of the two top bidders for German steelmaker ThyssenKrupp AG’s (ETR:TKA) steel business in the Americas, offering USD1.5bn...
View ArticleSponsor Silver Lake emerges as front runner to acquire Dell
Led by US private equity group Silver Lake Partners, talks over the potential buy-out of US computer manufacturer Dell Inc (NASDAQ:DELL) have reached the advanced stage and at least four leading banks...
View ArticleSwatch acquires acquires Canadian watchmaker Harry Winston
Swiss watches and jewellery maker The Swatch Group Ltd has inked an agreement to acquire the luxury brand diamond jewellery and timepiece division of Canada’s Harry Winston Diamond Corp (TSE:HW), the...
View ArticleUPS hit with €200m termination fee as EC blocks deal to acquire TNT
US package delivery group United Parcel Service Inc (NYSE:UPS) on Monday said the European Commission (EC) had notified it of plans to block its tie-up with Dutch express delivery company TNT Express...
View ArticleUS fashion group Gap to acquire Intermix for $130m
US fashion company The Gap Inc (NYSE:GPS) has agreed to acquire women’s fashion boutique Intermix Inc for USD130m (EUR98.8m), the Wall Street Journal (WSJ) reported. The deal represents Gap’s first...
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