M&A NEWS
Tesco announces plans to acquire wholesaler Booker
The UK’s biggest supermarket group, Tesco, revealed on Friday that it has agreed to buy the country’s biggest food wholesaler, Booker Group, in a deal valued at £3.7bn. As well as its wholesale … Continue reading “Tesco announces plans to acquire wholesaler Booker”
Telefonica ditches plans to sell O2 UK
Telefonica has shelved plans to sell a stake in O2 UK, its UK subsidiary. The Spanish telecoms group said on Wednesday that, following the European Commission decision to block the sale of O2 … Continue reading “Telefonica ditches plans to sell O2 UK”
Microsoft Sells Off Feature Phone Assets for $350m
US-based computer company Microsoft Corp. (NASDAQ: MSFT) has reached an agreement to sell its entry-level feature phone assets to China-based investment holding company FIH Mobile Ltd., a subsidiary of Taiwan-based electronic manufacturing services … Continue reading “Microsoft Sells Off Feature Phone Assets for $350m”
Marriott International and Starwood Hotels & Resorts Worldwide to merge in transaction valued at $12bn
The boards of directors of hotel companies Marriott International Inc (NASDAQ: MAR) and Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) have unanimously approved a definitive merger agreement, the companies announced on Monday. … Continue reading “Marriott International and Starwood Hotels & Resorts Worldwide to merge in transaction valued at $12bn”
National Grid plans sale of majority stake in UK Gas Distribution business
Electricity and gas company National Grid plc revealed on Tuesday that following a review of the company’s portfolio, its board plans to rebalance the company’s portfolio with the sale of a majority stake … Continue reading “National Grid plans sale of majority stake in UK Gas Distribution business”
Candy Crush maker acquired by Activision Blizzard for £3.8 billion
Technology company King Digital, the UK-based creator of the confectionery-themed Candy Crush mobile game, has been acquired by US video game maker Activision Blizzard for GBP3.8bn, it was reported on Tuesday. According to reports, Activision Blizzard is offering … Continue reading “Candy Crush maker acquired by Activision Blizzard for £3.8 billion”
UK government completes privatisation of Royal Mail
The government has sold its final stake in British postal service company Royal mail at GBP4.55 per share, to raise GBP591m, it was reported on Tuesday. Privatisation of Royal Mail was initiated in … Continue reading “UK government completes privatisation of Royal Mail”
Poundland gets green light to acquire 99p Stores
British variety store chain Poundland has received formal clearance from the UK’s Competition and Markets Authority (CMA) to acquire rival chain 99p Stores. Confirming its provisional findings, published in August, the CMS announced on Friday … Continue reading “Poundland gets green light to acquire 99p Stores”
Betfair and Paddy Power plan to merge
UK betting and gaming company Betfair and Irish bookmaker Paddy Power have announced plans for possible a GBP5bn merger deal that would create one of the world’s largest gambling firms. It was reported on Wednesday … Continue reading “Betfair and Paddy Power plan to merge”
M&A Navigator Deal Pipeline
The following is a list of deals covered in detail by M&A Navigator (www.manavigator.com) this week:-CONSOLIDATED TOMOKA FORMS JV FOR FLORIDA BEACHFRONT SITE US-based real estate company Consolidated-Tomoka Land Co. (NYSE: CTO) has … Continue reading “M&A Navigator Deal Pipeline”