Mobileye share price soars as Intel’s $15.3bn acquisition confirmed March 13, 2017 Intel has snapped up an Isreali technology firm specialising in driverless car tech in a multi-billion dollar deal to accelerate its automotive plans. Shares of Mobileye shot up more than 30 per cent in pre-market trading on the New York Stock Exchange after reports of the deal initially serviced. Mobileye, which works on technology for driverless cars, has [...]
Other offers likely? This is how analysts are reacting to the Bovis-Redrow-Galliford Try love triangle March 13, 2017 Bovis Homes’ share price leapt this morning after it emerged over the weekend that it is involved in a love triangle with rivals Galliford Try and Redrow. Bovis yesterday confirmed it was in merger talks with Galliford Try and had rejected a bid from Redrow. However, Redrow this morning indicated it is holding out hope [...]
UK oil services companies John Wood Group and Amec Foster Wheeler in £5bn merger deal March 13, 2017 Two UK oil services firms have agreed to a £5bn merger. John Wood Group announced this morning it had agreed a takeover deal for FTSE 250-listed Amec Foster Wheeler. Amec’s share price jumped 18 per cent to £5.76 at the time of writing, while John Wood’s was up eight per cent to £8.10. [stockChart code="AMFW" date="2017-03-13 [...]
German minister: London Stock Exchange “derailed” Deutsche Boerse deal and shifted blame on to Brussels March 12, 2017 An influential German minister has accused the London Stock Exchange of having “derailed” its Deutsche Boerse merger and attempted to “pass the buck to Brussels”. Thomas Schaefer, the finance minister of the state of Hesse, where Deutsche Boerse is based, suggested the deal has seemingly broken down because the UK company was unwilling to reconsider the [...]
Former L’Occitane boss and CVC Capital Partners plot bid for The Body Shop March 12, 2017 Former L’Occitane boss Emmanuel Osti is plotting a bid for The Body Shop. Osti is working with CVC Capital Partners, which agreed to sell control of Formula One to John Malone’s Liberty Media last year, for the takeover. The Body Shop was put on the market by owners L’oreal last month. The French cosmetics giant [...]
Bovis Homes confirms merger talks with Galliford Try after rejecting Redrow offer March 12, 2017 Bovis Homes is in £2.5bn merger talks with fellow housebuilder Galliford Try after rejecting a bid from Redrow. FTSE 250-listed Galliford Try said the tie-up would create “a new major housebuilder with national scale and geographic coverage through the combination of the sixth and eighth largest UK housebuilders by completions”. Bovis, which is also on [...]
BP’s share price lifts on speculation of a takeover by Exxon Mobil March 10, 2017 Shares in oil major BP have risen today as speculation reemerges about takeover interest from Exxon Mobil, the world's largest listed oil company. Shares in the FTSE 100-listed firm were up 4.01 per cent at 472.2p in late afternoon trading. US-based Exxon Mobil is gauging interest in a potential takeover from BP's major shareholders, it has been reported. Shell and Chevron [...]
US takeovers in Europe hit record levels despite Dulux owner brushing off £18bn approach from PPG Industries March 9, 2017 US takeovers in Europe are heading for record levels this year, despite Azko Nobel, the Dutch paints and coatings maker behind Dulux, rejected a €21bn (£18bn) from rival PPG Industries. Some 205 US-Europe deals have been agreed so far this year, according to Thomson Reuters. While the number is down on 263 agreed last year, [...]
US cereal maker Post Holdings wants to have its Weetabix and readies £1.5bn bid, as the race to buy the breakfast brand narrows to just two bidders March 8, 2017 An American firm is lining up a £1.5bn bid for Weetabix, as it prepares to go head-to-head with another company interested in snapping up the breakfast cereal brand. According to Sky News, which first reported the story, Post Holdings, which makes Golden Crisp and Cocoa Pebbles, is one of just two bidders left competing to [...]
Former culture secretary John Whittingdale sees no problem with 21st Century Fox-Sky deal (but would refer it to Ofcom) March 8, 2017 Former culture secretary John Whittingdale has said he does not have a problem with 21st Century Fox’s Sky takeover and believes Channel 4 could thrive if sold off by the government. Whittingdale, who held the position until last year, was speaking at a time when his successor, Karen Bradley, is considering whether to refer Fox’s [...]