Intertek to quit FTSE 100 after agreeing £11bn EQT takeover Markets FTSE 100 giant Intertek has agreed to an £11bn takeover by Swedish buyout firm EQT, triggering the latest high-profile departure from the London Stock Exchange. The testing and assurance company said on Thursday that it has agreed to the £60 per share offer, valuing the deal at £9.5bn, or £10.9bn including debt. The agreement seals [...]
Intertek to bow to pressure on £10bn private equity takeover Markets FTSE 100 giant Intertek is poised to accept a £10bn takeover offer from a Swedish private equity firm after months of uncertainty, in what would be a huge blow to the London Stock Exchange. The testing and quality assurance firm said on Wednesday morning that it “would be minded” to recommend the latest offer from [...]
Nelson Peltz’s son calls for Intertek to engage with £10bn offer Markets Matt Peltz, the son of billionaire activist investor Nelson Peltz, has called on FTSE 100 testing firm Intertek to accept the latest £10bn offer by a Swedish private equity firm, as investors clash over whether the board should sell up. The buyout firm submitted its fourth offer on Tuesday morning, which valued shares at £60 [...]
Star stockpicker Terry Smith dumps entire Unilever holding after McCormick mega-merger May 12, 2026 One of Britain’s best-known fund managers has dumped his holding in Unilever worth hundreds of millions of pounds, accusing the consumer goods giant of abandoning its traditional shareholders in favour of activist-driven deals like last month’s McCormick mega-deal. Terry Smith, the star stockpicker behind the £12.5bn Fundsmith Equity Fund, sold out of his position in [...]
Unilever gets Marmite reaction to McCormick deal as investor fury spreads April 28, 2026 Unilever is facing a mounting investor backlash over its recent multibillion-pound tie-up with US food giant McCormick, with shareholders accusing the consumer goods behemoth of rushing the deal through without a vote and loading the new vehicle up with too much debt. Shareholders in the FTSE-100 conglomerate told City AM that they were supportive overall [...]
Marmite maker Unilever creates food empire in $45bn merger March 31, 2026 Unilever has sealed a $45bn merger of its food brands with US spice and seasoning giant McCormick, forging a $60bn food empire in which the London-based firm holds a majority stake. Unilever and its shareholders will own 65 per cent in the new body, with the firm receiving $15.7bn (£11.6bn) in cash and the equivalent [...]
Janus Henderson bidding war heats up as Trian and General Catalyst raises offer March 24, 2026 Nelson Peltz’s Trian Fund Management and General Catalyst have upped their cash offer for Janus Henderson, heating up the bidding war with Victory Capital. Trian and a group of investors led by General Catalyst said on Tuesday they had increased their all-cash offer to $52 (£38.8) a share, up from its previous offer of $49 [...]
Victory Capital raises offer as Janus Henderson bidding war heats up March 17, 2026 Victory Capital has increased its offer for rival asset manager Janus Henderson as the bidding war with Trian Fund Management and General Catalyst heats up. The latest offer from Texas-based Victory Capital comes just days after its previous approach was rejected, with the firm saying on Tuesday it would offer $40 (£29.96) per share in [...]
Janus Henderson Group plc to be Acquired by Trian Fund Management and General Catalyst for $7.4 Billion December 22, 2025 Janus Henderson Shareholders to Receive $49.00 per Share in Cash Transaction Represents a Premium of 18% to the Unaffected Closing Price on October 24, 2025 Significant Long-Term Investment to Be Made in Product Offerings, Client Services, Technology, and Talent
Unilever to update on turnaround under new boss amid mounting trade pressure April 20, 2025 Unilever is expected to outline fresh details of its attempted turnaround this week, after replacing its chief executive in March. The consumer giant, which makes goods from Marmite to Dove soap, reports its first quarter results on the 24th April. Experts said the company could give more insight into its plans under new boss Fernando [...]