M&A
Away Resorts agrees merger with rival Aria Partners
Away Resorts is set to announce the purchase of rival Aria Resorts in a £600m merger of the country's largest holiday park operators.
Thales enters exclusive talks to sell rail unit to Japan's Hitachi for 1.66bn euros
Thales is in talks to sell its Ground Transportation Systems unit to Hitachi Rail in a multi-billion euro deal, in the process beating out Spanish rival CAF with its bid.
Rolls Royce in talks for sale of ITP to Bain Capital and Sener
Rolls Royce will sell Spanish jet engine maker ITP Aero to US private equity outfit Bain Capital and Spanish aerospace company Sener for €1. 6bn.
News Corp to buy oil data firm Opis in $1.15bn deal
News Corp has agreed to acquire US oil pricing agency Oil Price Information Service (OPIS) and related assets from S&P Global and IHS Markit for about $1. 15bn, the media conglomerate said on Monday.
UK regulator may force Facebook to unwind Giphy purchase
The UK's competition regulator said it may require Facebook to unwind its purchase of Giphy because the tie-up threatens to reduce competition between social media platforms.
Sunday newspaper round-up: Morrisons, Amazon, Easyjet
Private equity giant Clayton, Dubilier & Rice (CD&R) is poised to kick off a bidding war for Morrisons amid mounting opposition to the £6. 3 billion offer on the table for the grocer from a consortium led by American buyout rival Fortress. CD&R is understood to have been lining up equity and debt financing for a counterbid that could come as soon as this week. - Sunday Times.
Pershing Square affiliate to pick up 2.9% stake in Universal Music Group
Pershing Square revealed on Tuesday that PSVII Master, an affiliated co-investment vehicle, will take up an additional stake in Universal Music Group.
Blue Prism surges as it confirms takeover talks with TPG Capital, Vista
Blue Prism shares rocketed on Tuesday after it confirmed it is in talks with US private equity firm TPG Capital and Vista about possible offers for the AIM-listed automation specialist.
Sainsbury's bank sale would make sense, Shore says
A sale of Sainsbury's bank would be a sensible move for the supermarket group as it concentrates on its core retail business, Shore Capital said after a press report that a deal was in the works.
Prosus to buy Indian payments platform BillDesk for $4.7bn
Dutch internet group Prosus has agreed to buy Indian payments platform BillDesk for $4. 7bn.
TRIG share placement to repay debt and fund potential deal
The Renewables Infrastructure Group (TRIG) said it would place shares with investors to repay debt and fund a potential acquisition.
Bunzl profit rises as core business recovers
Bunzl reported first-half adjusted profit up almost 15% as a recovery in its core business more than offset declining sales of Covid-19 related products.
Barclays buys $3.8bn Gap card portfolio
Barclays has agreed to buy $3. 8bn (£2. 8bn) of credit card receivables from Synchrony Bank issued with The Gap after replacing the US lender as the retailer's card partner.
Mattioli Woods buys Richings for up to £1.8m
Mattioli Woods has bought financial planning and wealth management business Richings from its shareholders for up to £1. 8m.
Primary Health Properties buys Bury centre, office block for £40m
Primary Health Properties on Friday said it had bought the Townside Primary Care Centre and adjacent office building in Bury, Lancashire for £40m.
Volex to buy Irvine Electronics for $16.4m
AIM-listed Volex has agreed to buy US electronic solutions manufacturer Irvine Electronics for $16. 4m.
Sanne agrees to be bought by Apex in £1.5bn deal
Fund administration business Sanne has agreed to be taken over by Apex Group in a £1. 5bn deal.
Augean surges as it agrees £341.2m takeover from Ancala, Fiera
Augean shares surged on Wednesday after the waste management company agreed to be bought by Eleia, a special purpose vehicle formed by investment funds managed by Ancala Partners and Fiera Infrastructure, in a £341. 2m deal.
Pfizer to buy oncology biotech Trillium Therapeutics in $2.3bn deal
Pfizer said on Monday that it has agreed to buy US oncology biotech firm Trillium Therapeutics in a $2. 26bn deal.
Sainsbury's surges amid takeover speculation
Sainsbury’s shares surged on Monday following a report that US private equity firm Apollo is considering a bid for the UK supermarket chain.