mergers-and-acquisitions
InvestingRenault shares gain on Honda-Nissan tie-up talks
InvestingExperts’ comments on talks between honda and nissan to deepen ties
BusinessBain capital in talks to buy little caesars operator sizzling platter, sources say
BusinessHonda, nissan in talks to set up holding company, source says
Aviva sweetens direct line bid to $4.33 billion, Bloomberg news reports
Date: December 6, 2024
(Reuters) -Insurance company Aviva has sweetened its bid for UK’s Direct Line to about 3.4 billion pounds ($4.33 billion), or 261 pence per share, Bloomberg News reported on Thursday, citing people familiar with the matter. The new offer is about 4% higher than Aviva’s initial offer, according to the Bloomberg report. The revised proposal comes...
Britain approves $19 billion Vodafone-Three mobile merger
Date: December 5, 2024
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved Vodafone’s $19 billion merger with Hutchison’s Three UK to create the country’s biggest mobile operator after their investment promises outweighed concerns about higher customer bills. The Competition and Markets Authority (CMA) said the combined group’s network investment plan would drive competition in the long term, dropping...
DS smith flags persisting weak demand after H1 profit fall
Date: December 5, 2024
(Reuters) -Britain’s DS Smith said on Thursday packaging demand and paper pricing were “not as strong as expected” in its second quarter and these trends had continued, as it reported a 39% slump in half-year profit, in line with analyst expectations. However the company, which has agreed to a $7.20 billion all-share takeover by U.S....
Britain approves $19 billion Vodafone-Three mobile merger
Date: December 5, 2024
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved the $19 billion merger between Vodafone UK and Hutchison’s Three UK to create the country’s biggest mobile operator and reduce the number of networks to three from four. The Competition and Markets Authority had previously said the deal could push up customer prices, but it later...
Exclusive-Worldline attracts early stage interest from private equity firms, sources say
Date: December 2, 2024
By Amy-Jo Crowley and Mathieu Rosemain LONDON (Reuters) -French payments group Worldline has attracted early stage takeover interest from private equity firms, as it grapples with a falling share price, profit warnings and leadership change, five people with knowledge of the matter said. Bain Capital is among private equity firms that have been in the...
Insurer direct line rejects aviva’s $4.16 billion takeover bid
Date: November 28, 2024
(Reuters) -British insurer Direct Line Insurance on Wednesday rejected a takeover offer of 3.28 billion pounds ($4.16 billion) from bigger rival Aviva, saying it “substantially undervalued” the company. On Nov. 19, Aviva made a 250-pence-per-share offer, which represented a nearly 60% premium to the stock’s close a day earlier. If the deal went through, Direct...