Intercontinental Exchange questions UK competition watchdog concerns over Trayport takeover August 18, 2016 The owner of the New York Stock Exchange has questioned the justification of the British competition authority’s concerns over its Trayport takeover. The Competition and Markets Authority (CMA) said the Intercontinental Exchange (ICE) should consider reversing its $650m (£495m) deal for Trayport, a commodities trading software operation. Read more: US rival pulled London Stock Exchange [...]
TalkSport owner shareholders accept takeover by Rupert Murdoch’s News Corp August 18, 2016 The takeover of TalkSport owner Wireless by Rupert Murdoch’s News Corp has become “unconditional”, the companies have announced. Wireless has received 92.17 per cent backing from shareholders for the takeover, which will lead to the company being delisted from the Irish Stock Exchange. Read more: Rupert Murdoch's News Corp to buy TalkSport owner for £220m [...]
Telegraph not for sale, say owners after rebuffing approaches from two high-profile media figures August 17, 2016 The owners of the Daily Telegraph have reiterated that their newspapers are not for sale after it emerged that two high-profile media figures have approached them about the company this year. Evgeny Lebedev, the owner of the Evening Standard and now online-only Independent newspapers, is understood to have made an informal approach over the availability of Telegraph [...]
They’ve got chemistry: UK private equity firm snaps up German catalyst maker August 17, 2016 UK private equity firm Equistone Partners Europe has announced the acquisition of a majority stake in a German chemical initiators company. Equistone has acquired the stake in United Initiators from Vision Capital and Speyside Equity for an undisclosed sum. United Initiators, which is based in Pullach, Germany, produces catalysts for chemical processes. Read more: Private [...]
Deutsche Boerse wins 89 per cent shareholder acceptance for London Stock Exchange deal August 17, 2016 The final acceptance ratio from Deutsche Boerse shareholders for its merger with the London Stock Exchange (LSE) was 89.04 per cent, the company has revealed. The German exchange was forced to lower the acceptance ratio to 60 per cent and extend the deadline for investors wishing to tender their shares in support of the deal [...]
Bayer-Monsanto: Biggest deal of 2016 expected to turn hostile if no agreement is found August 16, 2016 German chemicals company Bayer is expected to turn its Monsanto takeover attempt hostile if its latest offer comes to nothing. US GM seeds firm Monsanto has already rejected two bids from Bayer, the first at $122 per share, equal to around $62bn, and the second at $125. Read more: How shareholders feel about Bayer's "determined" [...]
Competition watchdog threatens Intercontinental Exchange’s Trayport takeover August 16, 2016 The Competition watchdog has thrown into doubt Intercontinental Exchange's takeover of commodities trading software company Trayport. The Competition and Markets Authority said today that the $650m deal could result in less competition for wholesale European utilities trades. It issued a list of possible remedies, which includes a forced sale. The CMA is worried about higher fees for [...]
UK publisher snaps up shopping comparison business from Down Under August 16, 2016 Magazine publisher Future has announced the acquisition of an Australian and south east Asian digital shopping comparison business. The UK company behind Tech Radar and PC Gamer has completed a deal for Next Commerce. The acquisition comes shortly after Future announced a £14.2m takeover deal for fellow UK publisher Imagine. Read more: Magazine publisher imagines bright future with £14.2m [...]
Disney interest? Third parties? Bidding wars? Here’s what analysts think will happen to Peppa Pig owner Entertainment One August 15, 2016 Analysts have named Walt Disney, Vivendi, Lionsgate and Studio Canal as possible suitors for Peppa Pig owner Entertainment One. EOne’s share price was trading at 251p on Monday – up more than 25 per cent from below 200p at the beginning of last week. [stockChart code="ETO" date="2016-08-15 16:40"] This rise has come after the board [...]
Competition emerges for ITV in pursuit of Peppa Pig owner EOne August 14, 2016 Private equity giant KKR is said to be considering a bid for Peppa Pig owner Entertainment One. News of the interest comes after ITV had a £1bn bid for EOne rejected last week. Read more: Peppa Pig maker turns down £1bn takeover offer KKR held talks with EOne’s main shareholder, Canadian pension fund CPPIB, before ITV’s [...]