How shareholders feel about Bayer’s “determined” pursuit of Monsanto July 20, 2016 The share price of German drugs and chemical giant Bayer has been virtually untouched after Monsanto rejected its improved takeover offer. And shareholders appear to have mixed views on the company’s pursuit of the US seeds company. Last week, Bayer improved its offer for Monsanto from $122 (£93) per share to $125, equalling around $64bn. [...]
Monsanto knocks back “financially inadequate” Bayer offer… again July 19, 2016 Monsanto has knocked back Bayer’s improved takeover offer, describing it as “financially inadequate and insufficient”. But the US seeds company said that it “remains open to continued and constructive conversations with Bayer and other parties”. Read more: We can't Bayer it: Henderson attacks German's Monsanto takeover pursuit The German company improved its offer from $122 [...]
This is at least the second coolest UK deal agreed since the Brexit vote July 19, 2016 Melrose’s $2.8bn deal for US air conditioning company Nortek is at risk of losing its status as the UK’s coolest post-Brexit vote deal. NFT Distribution, a UK chilled logistics business that delivers yoghurts and sandwiches to supermarkets, has announced the acquisition of another temperature-controlled logistics business, NR Evans. The deal values the business at more [...]
We can’t Bayer it: Henderson attacks German’s Monsanto takeover pursuit July 19, 2016 London-based fund management group Henderson Global Investors has attacked Bayer’s proposed takeover of US seeds company Monsanto. Asim Rahman, Henderson’s European equities fund manager, also demanded there be a shareholder vote on the deal, although it does not technically require investor approval. Henderson is understood to have reduced its stake in Bayer since news of the [...]
Another boost for post-Brexit UK M&A as US broker agrees takeover deal July 19, 2016 US interdealer broker BGC Partners today announced it has agreed to buy the UK’s Sunrise Brokers. Founded in 1991, the independent UK firm offers broking services across equity, credit, FX, hybrid and commodity derivative asset classes. Sunrise Brokers, which is being acquired for an undisclosed sum, has offices in London, New York and Hong Kong. Read [...]
The biggest acquisitions of British brands made by the Japanese July 18, 2016 Foreign firms have long been interested in breaking into the British market – and with sterling weak at the moment, the time is ripe for companies eager to make deals. With the confirmation of Japan’s SoftBank making a £24.3bn play for British tech firm Arm Holdings, we've decided to give you a brief breakdown of [...]
Arm founder bemoans “sad day” for British tech market as Japanese firm SoftBank makes play for chipmaker July 18, 2016 Arm Holdings founder Hermann Hauser has described the news that the chip manufacturer is likely to be sold to Japan's SoftBank as "very sad". SoftBank has made a £24.3bn bid for Arm, which was spun out of Hauser's Acorn Computers in 1990. Hauser now runs Amadeus Capital Partners, which he co-founded in 1997. "Arm is [...]
Prime Minister and chancellor hail SoftBank’s Arm bid as a “vote of confidence in Britain” July 18, 2016 The Prime Minister and chancellor have today spoken out in support of SoftBank’s takeover bid for UK tech firm Arm Holdings. Cambridge-based Arm revealed today it had received a £24.3bn offer from the Japanese company, sending its share price up by more than 40 per cent. Read more: Paying an Arm and a leg? Chipmaker [...]
New Prime Minister Theresa May says all foreign takeover bids will be assessed to determine whether they’re in the national interest July 18, 2016 Prime Minister Theresa May has said foreign takeover bids for British firms must be assessed to determine whether they're in the national interest. Her comments come hours after Cambridge-based tech firm Arm Holdings revealed it had received a £24.3bn offer from Japan's SoftBank – sending the British chipmaker's stock up by over 45 per cent. [...]
London private equity firm buys out northern healthcare company July 18, 2016 London-based private equity house Agilitas has announced the acquisition of Exemplar Healthcare, a company providing residential nursing care. The management buyout deal, understood to be worth around £150m, comes after Agilitas last week sold French company Ionisos to private equity giant Ardian. Read more: London-based private equity firm announces sale to Ardian Exemplar, based in [...]