Canada's Weston family said Wednesday that it will buy Boots for $8.9 billion inclusive of debt, forcing the British health and beauty retailer to change hands for the second time in just over a year.
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THURSDAY, OCTOBER 8, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Skadden-Led Weston Family To Buy UK's Boots For $8.9B

By Najiyya Budaly

Canada's Weston family said Wednesday that it will buy Boots for $8.9 billion inclusive of debt, forcing the British health and beauty retailer to change hands for the second time in just over a year.

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BT, TalkTalk Ordered To Pause Merger Amid CMA Probe

By Irene Madongo

The Competition and Markets Authority said Wednesday it has temporarily blocked BT from combining its operations with TalkTalk's during its £400 million ($529 million) rescue deal for the smaller broadband provider while it investigates the deal.

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Simmons Guides Spanish Tungsten Miner On IPO In London

By Najiyya Budaly

Spanish miner Abenójar Tungsten SA said Wednesday that it plans to float on the main market of the London Stock Exchange in the latest sign of an end-of-year IPO revival.

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Property Franchise Group Buys £900K Stake In AI Agent Biz

By Tom Fish

The Property Franchise Group, a real estate franchisor, said Wednesday that it has acquired a 25% equity stake in specialist chat platform Enteka AI for £900,000 ($1.2 million) in a move to improve efficiency across its network.

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M&A

Law Firm Schjødt Advises Swedish Co. On $816M Unit Sale

By Irene Madongo

Sweden-based construction company NCC said Wednesday it has agreed to offload its industry division to two building materials companies for 8.2 billion Swedish kronor ($819 million), in order to focus on its contracting business.

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CAPITAL MARKETS

Brief

UK Pension Plans Weigh Insurer Deals As Funding Improves

By Joel Poultney

Almost half of the defined benefit pension plans polled in a new study intend to transfer their liabilities to an insurer within the next decade, according to a report by a professional body and an asset manager.

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MERGER REVIEW

Brief

CMA To Probe Completed Deal For Care Home Business

By Irene Madongo

Britain's antitrust watchdog on Wednesday said it would launch an investigation into Healthcare Ireland's completed acquisition of care home business Hutchinson.

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Brief

McCormick Gets US Nod For $45B Unilever Deal

By Lauren Berg

The Federal Trade Commission has granted an early termination for its review of McCormick & Co.'s planned $44.8 billion acquisition of most of the global food business of its rival Unilever PLC.

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PEOPLE

A&O Shearman Hires Stephenson Harwood Secondaries Team

By Ashish Sareen

A&O Shearman said Wednesday that it has recruited two partners and the rest of their secondaries team from Stephenson Harwood to help drive growth of the business in London.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Baker McKenzie

Cleary Gottlieb

Clifford Chance

Davis Polk

Geradin Partners

Hogan Lovells

King & Wood Mallesons

Latham & Watkins

Macfarlanes LLP

Simmons & Simmons

Skadden Arps

Stephenson Harwood

Wachtell Lipton

COMPANIES IN TODAY'S NEWS

BMO Capital Markets Corp.

BT Group PLC

CIBC Capital Markets

Canaccord Genuity Group Inc.

CareCentrix Inc.

Deutsche Bank AG

Fairfax Financial Holdings Ltd.

Heidelberg Materials AG

Investments Ltd.

KPMG International

LinkedIn Corp.

Loblaw Cos.

London Stock Exchange Group PLC

McCormick & Co. Inc.

Morgan Stanley

Nasdaq Inc.

RBC Capital Markets

Rothschild & Co. SCA

Schroders PLC

Shields Health Solutions

Shoppers Drug Mart

Sycamore Partners Management LLC

The Goldman Sachs Group Inc.

UBS Group AG

Unilever PLC

VillageMD

Virgin Media Inc.

Walgreens Boots Alliance Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

Federal Trade Commission