M&A
SOCO says it won't bid for Ophir as it posts rise in 2018 profit
SOCO International said on Wednesday that it will not make an offer for Ophir Energy after its proposal in January was rejected.
Melrose sells off two GKN assets
Melrose Industries expects to bring in £200m after agreeing the sale of a pair of assets acquired as part of the GKN deal.
Cake Box acquires warehouses in Bradford and Coventry
Egg-free cakes retailer Cake Box has acquired the freeholds of two warehouse and distribution centres in Bradford and Coventry for £1. 4m.
Vestager warns against weakening EU merger rules over Siemens-Alstom case
The European Union’s competition commissioner Margrethe Vestager warned on Monday against weakening merger rules, saying that it was false to argue that it was either necessary or ideal.
Newmont rejects Barrick's $18bn hostile bid; proposes joint venture instead
Newmont Mining has rejected a $18bn hostile takeover by Canada’s Barrick Gold, the world’s largest miner of the precious metal.
Syncona to cash in as Biogen acquires Nightstar
Healthcare investment company Syncona updated the market on Nightstar Therapeutics on Monday, confirming it has reached an agreement to be acquired by Biogen at a price of $25. 50 per share.
Sports Direct swoops on Findel with £140m offer
Mike Ashley’s Sports Direct International has made a £140m offer to take full control of home shopping company Findel.
Melrose Industries eyes sale of GKN Wheels
Melrose Industries is making a renewed effort to offload another part of its GKN acuisition, it was reported over the weekend.
Future buys US-based Mobile Nations for up to $120m
Specialist media platform Future has announced the acquisition of US-based digital publisher Mobile Nations for up to $120m in a deal that is expected to be earnings-enhancing in the current financial year and "materially" enhancing in the first full year after completion.