Ari Emmanuel snaps up West End theatre group ATG for £4.5bn Hospitality Hollywood tycoon Ari Emmanuel has snapped up the theatre group behind West End venues including the Savoy and the Ambassadors in a deal worth around £4.5bn. Emmanuel, who runs an A-list media agency and helms the group which owns UFC, said the deal underscores the “growing power of live experience and the passionate audiences it [...]
Fitzwalter backs off Auction Tech after hostile bidding campaign Merger/Acquisition Investment giant Fitzwalter has backed off Auction Technology Group after a hostile campaign between the two led to 13 different takeover attempts of the latter. The London-headquartered said on Monday ATG’s Board had unanimously rejected its proposed offer of 400 pence per share. The offer sat above the UK market median for similar cash transactions [...]
‘Extreme shareholder destruction’: Fitzwalter dials up assault on Auction Technology Group Merger/Acquisition Auction Technology Group management have been accused of overseeing a period of “extreme shareholder destruction” by its largest shareholder, in the latest salvo of a feud that has seen the auction platform provider rebuff 11 takeover approaches from the firm. In a blistering update to markets on Monday, Fitzwalter Capital said Auction Technology Group’s (ATG) [...]