M&A
Xerox abandons hostile takeover bid for HP due to pandemic
Xerox said on Tuesday that it had dropped its hostile takeover bid for HP due to the coronavirus outbreak.
Flutter's Stars deal gets UK competition nod
The UK competition regulator has approved Flutter Entertainment's acquisition of Canada's Stars Group after finding the combination will not lead to a worse deal for online gamblers.
Smiths Group delays medical split and scraps dividend
Smiths Group delayed the demerger of its medical business and scrapped its half-year dividend as the engineering group reported intensifying disruption from the coronavirus crisis.
Future agrees to sell titles as it looks to clinch TI Media takeover
Magazine publisher Future is in talks to sell three titles, after the competition watchdog gave its £140m acquisition of TI Media a conditional green light.
DCC buys Minnesota-based Amerilab for $85m
Sales, marketing and support services group, DCC, has bought Minnesota-based Amerilab for $85m (£72m).
BT in talks to sell French domestic business to Computacenter
BT said it was in talks to sell its French domestic operations to Computacenter as the telecoms group seeks to focus on services for international organisations.
Pennon to sell Viridor for £4.2bn to Planets UK Bidco Limited
Pennon is planning the sale of its recycling and waste business Viridor to Planets UK Bidco Limited for £4. 2bn.
Coronavirus puts Stobart's Southend stake sale talks on hold
Stobart said talks to sell a stake in its Southend airport site had been put on hold because of the coronavirus pandemic.
LSE gets US approval for Refinitiv deal
The London Stock Exchange has received US regulatory approval for its $27bn acquisition of analytics company Refinitiv.
Competition watchdog gives Future deal conditional go ahead
The competition watchdog has given the green light to Future’s £140m acquisition of TI Media, it was announced on Monday – subject to the sale of three "closely competing" products.
Xerox to delay meetings with HP shareholders due to Covid-19
Xerox will postpone meetings with HP shareholders as it concentrates its efforts on minimising the impact of the coronavirus pandemic.
Moss Bros to go private in £22.6m cash deal
Moss Bros has agreed to be bought for £22. 6m in cash by a group of private investors led by Menoshi Shina, the US-based owner of Crew Clothing.
PepsiCo to buy Rockstar Energy Beverages for $3.85bn
PepsiCo Inc. has agreed to buy Rockstar Energy Beverages for $3. 85bn, expanding its presence in the energy drink market.
PepsiCo said to near $3.85bn deal to buy Rockstar Energy Beverages
PepsiCo Inc. is reportedly nearing a deal to buy Rockstar Energy Beverages.
B&M European Value to sell loss-making German business
B&M European Value Retail has agreed to sell its loss-making German business Jawoll for €12. 5m to a consortium led by AC Curtis Salta, which is funded by Adiuva Capital.
Aon to snap up smaller rival Tower Willis in $30bn deal
Aon and Willis Towers Watson, two of the world’s largest insurance brokers, are to join forces in a $30bn all-share deal.
Euromoney adds to price reporting business with new acquisition
Information services provider Euromoney Institutional Investor has bought Census Commodity Data, primarily operating through its brand AgriCensus, for an undisclosed sum.
Bunzl buys Bodyguard Workwear for undisclosed sum
Distribution and services company Bunzl announced on Monday the acquisition of Bodyguard Workwear, a distributor of safety workwear and other personal protection equipment, for an undisclosed sum.
HP rejects raised offer from Xerox
HP Inc has rejected a sweetened, unsolicited offer from Xerox, arguing that it "meaningfully undervalues" the company.
Wood Group gets CMA approval for nuclear business sale
The Competition and Markets Authority has approved the sale of John Wood Group’s nuclear business to Jacobs Engineering.