M&A
Hitachi to buy GlobalLogic in $9.6bn deal
Hitachi has agreed to buy US digital engineering services company GlobalLogic in a $9. 6bn deal.
Babcock sells Oil and Gas aviation unit to CHC Group
Babcock has clinched a deal to hive off its Oil and Gas aviation unit to CHC Group.
Carlyle Aviation Partners to take Fly Leasing private in $2.4bn deal
Fly Leasing is being acquired by The Carlyle Group in a $2. 36bn deal, it was announced on Monday.
Renew Holdings acquires water-focussed engineering outfit J Browne
Engineering services group Renew Holdings has agreed to acquire water-focussed engineering outfit J Browne Group for a cash consideration of £29. 5m.
Nova lifts bid for Kaz Minerals to £4.1bn
Nova Resources has lifted its offer for Kaz Minerals to 850p a share, valuing the London-listed copper miner at £4. 1bn.
Aviva sells Polish unit to Allianz for €2.5bn
British insurer Aviva said it had sold its Polish unit to Allianz for €2. 5bn to focus on its strongest businesses in the UK, Ireland and Canada and cut debt.
Bally's agrees in principle to buy Gamesys for £2bn
Bally's of the US has agreed in principle to buy Gamesys in a deal that would value the online gaming operator at £2bn.
Carrefour to buy Brazilian food retailer in €1.1bn deal
French supermarket chain Carrefour has agreed to buy Brazilian food retailer Grupo BIG from Advent International and Walmart in a €1. 1bn deal.
Hartford rejects $23bn takeover approach from Chubb
Hartford Financial Services Group has rejected a $23bn takeover approach from US non-life insurer Chubb, it confirmed on Tuesday.
Team launches £15.2m approach for Tavistock
Team has launched a hostile takeover approach for fellow Aim stock Tavistock Investments, after the fund manager refused to engage with its first approach.
Norway blocks Rolls-Royce sale of Bergen to Russia's TMH
Rolls-Royce will seek help from the Norwegian government to "find another option" after the sale of its Bergen marine engine business to Russia’s TMH Group was blocked by Norway on national security grounds.
Kingspan to buy Logstor in €253m deal
Irish building materials group Kingspan has agreed to buy Logstor for around DKK1. 82bn (€253m).
Airtel sells Madagascar, Malawi towers to Helios for $108m
Airtel Africa said it was selling its telecoms tower companies in Madagascar and Malawi to Helios Towers for $108m and was looking to offload assets in Gabon and Chad as it focused on its core subscriber business.
Mondelez acquires UK nutrition company Grenade
Mondelez announced on Monday it will be acquiring a significant majority interest in UK performance nutrition pioneer Grenade.
Ametek to snap up Abaco Systems in $1.35bn deal
Electronic instruments specialist Ametek is to acquire fellow US firm Abaco Systems in a $1. 35bn all-cash deal, it was announced on Monday.
Cubic Corp surges after offer from Singapore's ST Engineering
Shares of Cubic Corp surged in pre-market trade on Monday after the company confirmed it had recently received an unsolicited buyout proposal from Singapore Technologies Engineering (STE) at $76 a share in cash.
UK probes Penguin's $2.2bn takeover of Simon & Schuster
Britain's competition regulator is investigating Penguin Random House's $2. 2bn ($1. 6bn) takeover of Simon & Schuster.
Halfords buys garage chain for £15m in motoring expansion
Halfords has agreed to buy a garage chain in the south east of the UK for £15m as part of the group's push to expand its motoring services business.
AJ Bell buys Adalpha for undisclosed sum
Investment platform AJ Bell said on Friday that it has bought Adalpha - which is currently developing a mobile focused platform proposition for financial advisers - for an undisclosed sum.
National Grid buys Western Power for £7.8bn
National Grid has agreed to buy Western Power Distribution (WPD) from PPL Corp of the US for £7. 8bn and to sell Narragansett Electric (Neco) to PPL for $3. 8bn (£2. 7bn) to shift its business towards electricity.