M&A
Hormel Foods to buy deli meat maker Columbus for $850m
Hormel Foods has agreed to buy deli meat and salami company Columbus Manufacturing for around $850m.
CalAtlantic surges as it agrees $9.3bn merger with Lennar Corp
Shares in US housebuilder CalAtlantic surged in pre-market trade on Monday after it and peer Lennar Corp announced a definitive merger agreement in a deal valued at around $9. 3bn, including debt.
Akzo Nobel confirms merger discussions with Axalta
Dulux maker Akzo Nobel confirmed on Monday that it is currently in “constructive discussions” about a merger of its paints and coatings business with US rival Axalta Coating Sytems.
Novartis to buy France's Advanced Accelerator Applications in $3.9bn deal
Novartis has agreed to buy French radiopharmaceutical group Advanced Accelerator Applications in a $3. 9bn deal.
Clariant and Huntsman drop merger plans on activist investor pressure
Swiss chemicals company Clariant and US-based Huntsman Corp have reached a mutual agreement to drop their proposed merger of equals following pressure from US activist investors.
Zinc Media buys Tern TV for up to £5.45m
Zinc Media has agreed to buy rival TV production company Tern Television Productions for up to £5. 45m to expand its range of factual programmes and meet demand for production to take place outside London.
Spire Healthcare rebuffs offer from Mediclinic, analysts expect more
Spire Healthcare has rejected a cash-and-shares offer from fellow private hospital operator Mediclinic International that has been described by analysts as "opportunistic".
HomeServe raises £125m to fund acquisition of US-based Dominion
HomeServe has raised gross proceeds of around £125m through the placing of 15. 2m shares at 820p each to fund the agreed acquisition of some of the trade and assets of the home assistance cover business of US-based Dominion, a wholly owned subsidiary of Dominion Energy, which it said will accelerate the growth of its North American business.
Connemara acquires 100% of Hendrick Resources
Exploration company Connemara, with principal assets in gold and zinc exploration licences across Ireland, announced the acquisition of 100% of Hendrick Resources, a private Ontario-based company formed for the purpose of acquiring properties in Ireland.
FirstBank willing to go hostile for Aldermore as analysts spy further bids
South African's FirstRand bank said on Monday it would be prepared to mount a hostile bid for smaller UK peer Aldermore if the challenger bank's board do not approve the deal.
Compagnie St-Gobain reinforces mortars business with Megaflex acquisition
French multinational Compagnie de Sain-Gobain (COD) announced on Wednesday that it had acquired Argentinean construction supply firm Megaflex through Weber, its mortars business.
Michael Kors/Jimmy Choo deals get EU approval
Michael Kors’ acquisition of Jimmy Choo has been given unconditional clearance by the European Commission following a Phase 1 review.
Carlyle Group turns NYC streetwear brand Supreme into $1bn entity overnight
New York City-based skateboarding shop and clothing brand Supreme reportedly sold a 50% stake in the business to DC-based investment firm the Carlyle Group for an impressive $500m sum, making the company a $1. 1bn entity overnight.
Digital Barriers offloads video unit, changes focus to Thruvision screening
Digital Barriers has conditionally agreed to sell its video business to private equity firm Volpi Capital for £27. 5m cash.
Mantra Group surges on Accor takeover offer
Shares in Australian hotel operator Mantra Group surged on Monday after it confirmed that it has received a takeover offer from France’s Accor.
Millennium & Copthorne rockets after takeover price agreed
Millennium & Copthorne Hotels shares booked a sharp gain on Monday morning after its Singapore-based parent company proposed a full cash buyout of its London-listed subsidiary.
Wood Group eyes 'significant savings' after completing Amec acquisition
John Wood Group completed its merger with Amec Foster Wheeler and began trading as an enlarged company on Monday, making assuring noises about integration and expected cost savings.
Medaphor finalises Intelligent Ultrasound acquisition
Welsh ultrasound software and simulation company Medaphor announced on Friday that it had completed the previously announced acquisition of Oxford-based firm Intelligent Ultrasound (IUL) after its admission of 57,477,285 new ordinary shares raised £5. 5m.
Ultra Electronics eyes January close on Sparton deal
Ultra Electronics confirmed on Friday that Sparton Corporation shareholders had approved the takeover by Ultra.
Boeing agrees to acquire drone maker Aurora Flight Sciences
Aerospace giant Boeing announced on Thursday that it would be buying its long-term partner Aurora Flight Sciences in an effort to diversify its portfolio further by adding futuristic technologies like the eVTOL flying taxi currently under development in conjunction with Uber.