Transactions UK

  • March 01, 2024

    HSF Advises Primark Owner On £250M Tranche Of Buyback

    Associated British Foods PLC said Friday it will roll out the second phase of its up to £500 million ($632.5 million) share repurchase program aimed at lowering its outstanding share capital, advised by Herbert Smith Freehills LLP.

  • March 01, 2024

    UK Extends Probe Into Smoke Alarm Co.'s £28M Bid For Rival

    FireAngel Safety Technology Group PLC said Friday that the U.K. government has extended the national security probe into its proposed £27.7 million ($35 million) acquisition by Singapore-based home security company Intelligent Safety Electronics Pte. Ltd.

  • March 01, 2024

    Ex-Stobart CEO Fights To Argue Conspiracy As A Shareholder

    Stobart Group's former chief executive should not be allowed to retry his claim that he was the victim of a conspiracy to remove him as chair, the company now known as Esken Ltd. told a London court on Friday.

  • March 01, 2024

    SPAC New Energy One To Wind Up Amid UK Deal Drought

    Blank-check company New Energy One said Friday it has decided to dissolve itself as it could not acquire a target business since it listed on the London Stock Exchange in March 2022, because of "challenging U.K. public equity market conditions."

  • March 01, 2024

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen a legal battle between confectionary heavyweight Mars Wrigley UK and a frozen food manufacturer, a trademark infringement claim by Abbott Diabetes Care over glucose monitoring meters, Mercedes-Benz Group hit with two commercial fraud disputes, and the Mediterranean Shipping Company tackle a cargo claim by an insurance company. Here, Law360 looks at these and other new claims in the U.K.

  • March 01, 2024

    Spanish Lender BBVA Progresses With €781M Share Buyback

    Spanish lender BBVA on Friday unveiled the details of its up to €781 million ($845.7 million) share repurchase program aimed at lowering its outstanding share capital after regulators gave the green light for the scheme.

  • March 01, 2024

    Wincanton Backs GXO's £762M Takeover Offer Over Rival Bid

    Management of supply-chain group Wincanton PLC on Friday endorsed GXO Logistics Inc.'s £762 million ($964 million) takeover offer, picking the U.S. logistics group over a competing £605 million offer by French shipping giant CMA CGM SA.

  • March 01, 2024

    Simmons & Simmons Hires Banking Pro From DLA Piper

    Simmons & Simmons LLP has bolstered its Dublin office by hiring Kate Curneen as a new banking partner from DLA Piper where she worked for four years.

  • March 01, 2024

    M&A Watchdog Extends Superdry Co-Founder's Bid Deadline

    The U.K.'s mergers and acquisitions watchdog has extended until the end of March the deadline for the co-founder of Superdry to make an offer for the struggling clothing brand, the company said on Friday.

  • March 01, 2024

    Reed Smith, DLA Piper Guide ITV On £255M Sale To BBC

    British broadcaster ITV said Friday that it has sold its entire 50% stake in an overseas streaming service, BritBox International, to its joint venture partner BBC Studios for £255 million ($322 million) as it aims to concentrate on its U.K. operations and reward shareholders.

  • February 29, 2024

    Deals Rumor Mill: Springer Nature, Warner Bros., ExxonMobil

    Springer Nature's IPO could be valued at $9.7 billion, Warner Bros. has pulled back on Paramount negotiations, and ExxonMobil could fetch $1 billion for Argentinean assets. Here, Law360 breaks down the notable deal rumors from the past week.

  • February 29, 2024

    Building Biz CRH Launches New $300M Buyback Tranche

    Construction materials manufacturer CRH PLC on Wednesday began a new tranche of share repurchases worth up to $300 million, forging ahead with its ongoing buyback scheme as it looks to reward investors and lower its outstanding share capital.

  • February 29, 2024

    Biotech Firm Avacta Raises £26M To Boost Drug Development

    Avacta Group PLC said on Thursday that it has raised £25.7 million ($32.5 million) by issuing shares to investors, giving it a cash boost as the biotechnology company continues the development of a new chemotherapy drug.

  • February 29, 2024

    Mayer Brown, Fieldfisher Steer Vaalco's $66.5M Buy Of Oil Biz

    Vaalco Energy Inc. said Thursday that it has agreed to acquire Swedish oil exploration and production company Svenska Petroleum Exploration AB for $66.5 million in a deal guided by Mayer Brown LLP and Fieldfisher LLP.

  • February 29, 2024

    HSF Guides Australia's South32 On $1.65B Coal Mine Sale

    Australian mining and metals company South32 Ltd. said on Thursday that it will sell its coal mines in New South Wales to a Singaporean and Australian consortium for $1.65 billion as it seeks to distance itself from carbon-intensive operations.

  • February 29, 2024

    IGT Units Merging With Everi To Create $6.2B Gaming Co.

    International Game Technology said Thursday it has agreed to spin off its Global Gaming and PlayDigital businesses and merge them with gaming machine maker Everi Holdings, a deal that will create a global gaming and fintech valued at $6.2 billion, including debt.

  • February 29, 2024

    Freshfields-Led GXO Bids £762M For Wincanton

    GXO Logistics Inc. on Thursday made an offer to buy all the shares of its British peer Wincanton PLC for £762 million ($964 million) in a deal guided by Freshfields Bruckhaus Deringer LLP and Wachtell Lipton Rosen & Katz.

  • February 29, 2024

    Insurer Direct Line Rejects £3B Linklaters-Backed Ageas Bid

    British insurer Direct Line has rejected a £3.1 billion ($3.9 billion) offer from Ageas, a Belgian-French rival, finding that it was "uncertain, unattractive, and that it significantly undervalued" the group.

  • February 28, 2024

    Squire Patton, Taylor Wessing Advise On £24.9M Pet Biz Sale

    Animalcare Group PLC said on Wednesday it has sold its majority shareholding in pet microchipping company Identicare Ltd. for £24.9 million ($31.5 million) cash, a transaction advised by Squire Patton Boggs LLP and Taylor Wessing LLP.

  • February 28, 2024

    DLA Piper Hires Trio Of Energy And Infrastructure Partners

    DLA Piper announced Wednesday that it has recruited the former head of energy, natural resources and infrastructure at Paul Hastings and two other partners to boost its corporate and finance offerings in London.

  • February 28, 2024

    Infrastructure Investor To Sell Stake In US Project For $232M

    Infrastructure investment company HICL Infrastructure PLC said Wednesday that it has agreed to sell its entire interest in a highway in the U.S. to road operations company VINCI Highways SAS for $232 million.

  • February 28, 2024

    Property Biz Nets £907M In Equity To Fuel Data Center Growth

    Industrial property company Segro PLC said Wednesday that it now expects to raise approximately £907 million ($1.1 billion) after it increased the size of Tuesday's £800 million equity offering because of strong demand from investors.

  • February 28, 2024

    Nutrition Products Biz Glanbia Launches €50M Share Buyback

    Glanbia PLC rolled out on Wednesday a share buyback program worth up to €50 million ($54 million), the first phase of its new €100 million repurchase plan, advised by Irish law firm Arthur Cox.

  • February 28, 2024

    Linklaters Advises French Glass Maker On €230M Buy Of Rival

    French glass manufacturer Verallia SA said on Wednesday that it will buy the Italian business division of Spanish rival Vidrala for €230 million ($250 million) as it aims to expand its operations in Italy.

  • February 28, 2024

    Swisscom In Advanced Talks To Buy Vodafone Italy For €8B

    Swisscom AG said Wednesday that it is in advanced exclusive talks with Vodafone Group PLC to buy its Italian business for €8 billion ($8.6 billion) in cash after the British multinational rejected a competing bid from France's Iliad SA.

Expert Analysis

  • Key Points From EC Economic Security Screening Initiatives

    Author Photo

    Lawyers at Herbert Smith analyze the European Commission's five recently announced initiatives aimed at de-risking the EU's trade and investment links with third countries, including the implementation of mandatory screening mechanisms and extending coverage to investments made by EU companies that are controlled subsidiaries of non-EU investors.

  • Vodafone Decision Highlights Wide Scope Of UK's FDI Rules

    Author Photo

    The U.K. government’s recently imposed conditions required for its approval of Vodafone and Etisalat’s strategic relationship agreement under its National Security and Investment Act jurisdiction, illustrating the significance of the act as an important factor for transactions with a U.K. link, says Matthew Hall at McGuireWoods.

  • What Extension Of French FDI Control Means For Investors

    Author Photo

    The recently published French order on foreign investment control expands the regime's application to more sectors and at a lower threshold of share ownership, illustrating France's determination to maintain sovereignty over its supply chains in sensitive sectors, and adding new considerations for potential investors in these areas, say lawyers at Linklaters.

  • What To Expect For Private Capital Investment Funds In 2024

    Author Photo

    As 2024 gets underway, market sentiment in the private fundraising sphere seems more optimistic, with a greater focus on deal sourcing and operational optimizations, and an increased emphasis on impact and sustainability strategies, say lawyers at Ropes & Gray.

  • Cayman Islands Off AML Risk Lists, Signaling Robust Controls

    Author Photo

    As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.

  • Acquisition Of AI Tech Poses Challenges For Media Industry

    Author Photo

    The artificial intelligence regulatory landscape is changing quickly, and media and entertainment companies planning to acquire AI technology through a merger, acquisition or licensing deal should be mindful of potential new compliance requirements and AI-specific insurance products, say lawyers at Covington.

  • Due Diligence Pointers After Entain Deferred Prosecution Deal

    Author Photo

    The Crown Prosecution Service's £615 million settlement with Entain last month signifies that the CPS is a serious enforcer of corporate crime, and illustrates the importance of carrying out a tailored risk assessment in preparation for and following an acquisition, say Matthew Cowie and Aziz Rahman at Rahman Ravelli.

  • What Can Be Learned From Adobe-Figma Merger Termination

    Author Photo

    The Competition and Markets Authority’s role in the recent termination of the proposed Adobe-Figma merger deal indicates the regulator's intention to be seen as a strong enforcer in the technology sphere, and serves as a warning for companies to address antitrust risks early on in the merger process, say Deirdre Taylor and Molly Heslop at Gibson Dunn.

  • How FCA Listing Regime Reform Proposals Are Developing

    Author Photo

    The Financial Conduct Authority’s recently proposed U.K. equity listings reforms maintain increased flexibility with a disclosure-based approach, but much of the new regime’s success will depend on the eligibility criteria used and whether additional governance will be required for inclusion, say lawyers at Debevoise.

  • US And UK Law Firms Continue Trend Of EU Expansion

    Author Photo

    A broad spectrum of U.S. and U.K. law firms are now seeking fresh opportunities in Europe's fastest growing and constantly evolving sectors by opening offices in strategic locations across the continent, says James Lavan at Buchanan Law.

  • A Look At 2023's Landmark Insolvency Developments

    Author Photo

    The insolvency landscape in 2023 witnessed pivotal court decisions that will continue to shape the industry in 2024, with a focus on refining director and administrator duties and obligations, and addressing emerging challenges, says Kerri Wilson at Ontier.

  • Regulating Digital Platforms: What's Changing In EU And UK

    Author Photo

    Lawyers at Mayer Brown assess the status of recently enacted EU and U.K. antitrust regulation governing gatekeeper platforms, noting that the effects are already being felt, and that companies will need to avoid anti-competitive self-preferencing and ensure a higher degree of interoperability than has been required to date.

  • An Overview Of European Private Investments in Public Equity

    Author Photo

    Although still fairly rare, private investments in public equity may continue to be an attractive option for some European issuers seeking to secure equity financing, and advisers planning such an investment should consider the various local options, requirements and norms, say lawyers at Sullivan & Cromwell.

  • UK Takeover Code Changes: Key Points For Bidders, Targets

    Author Photo

    Newly effective amendments to Rule 21 of the U.K. Takeover Code, which remove legal and administrative constraints on a target operating its business in the ordinary way during an offer, will add clarity for targets and bidders, and are likely to be welcomed by both, say lawyers at Davis Polk.

  • EU Rejection Of Booking.com Deal Veers From Past Practice

    Author Photo

    The European Commission's recent prohibition of Booking's purchase of Etraveli based on ecosystem theories of harm reveals a lower bar for prohibiting nonhorizontal mergers, and may mean increased merger scrutiny for companies with entrenched market positions in digital markets, say lawyers at Linklaters.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!