Slovenian lender NLB Group has begun a bidding war for Addiko, an Austrian banking group, after proposing a €566 million ($663 million) takeover bid a day after a rival €449 million approach from Austria's Raiffeisen Bank.
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Slovenian Bank Makes Rival €566M Bid For Austria's Addiko

By Najiyya Budaly

Slovenian lender NLB Group has begun a bidding war for Addiko, an Austrian banking group, after proposing a €566 million ($663 million) takeover bid a day after a rival €449 million approach from Austria's Raiffeisen Bank.

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Mkango Resources Raises £12.5M To Fund Acquisition

By Dawood Fakhir

Rare earths miner Mkango Resources said Friday that it has completed a £12.5 million ($17 million) equity raise to fund a £4.9 million acquisition in Germany and meet other expenses.

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Biopesticide Maker Eden Raises £10.8M For Development

By Dawood Fakhir

Eden Research said Friday that it has raised approximately £10.8 million ($15 million) through different equity offerings to advance the development of sustainable methods of curbing fungal diseases that affect potato, wheat and tomato crops.

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DEALS

Marine Tech Biz To Buy Aquatic Monitor Co. For $18M

By Tom Fish

General Oceans ASA said Friday that it had agreed to acquire MRV Systems LLC, which makes robotic marine vehicles, for $18 million in cash as the Norwegian underwater-technology company seeks to expand in the U.S. and strengthen its sea-monitoring business.

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Brief

Swedish Tech Co. To Acquire Digital Marketing Biz For $1.3M

By Irene Madongo

White Pearl Technology, a company based in Stockholm, said Friday it had entered into a letter of intent to acquire a digital marketing company in a share-based transaction worth an estimated 12 million Swedish kronor ($1.3 million).

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LITIGATION

Roundup

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

By Laura Stewart Liberty

The past week in London has seen the owner of an oil tanker stuck in the Strait of Hormuz sued by an energy company and an insurer, law firm Boodle Hatfield LLP and two Serle Court barristers sued by a group of Winston Churchill's great-grandchildren, and Welsh Water hit with a fresh class action over polluted rivers.

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LAW FIRMS IN TODAY'S NEWS

Birketts LLP

Boodle Hatfield

Browne Jacobson LLP

Burges Salmon

CMS Cameron McKenna

Campbell Johnston

Clarke Willmott

Fieldfisher

Hogan Lovells

Kennedys Law LLP

Keoghs LLP

Leigh Day

Mishcon de Reya

Nabarro LLP

Norton Rose

Pinsent Masons

Schönherr Rechtsanwälte

Serle Court

Shakespeare Martineau

Stevens & Bolton

TLT LLP

Ward Hadaway

Wikborg Rein

COMPANIES IN TODAY'S NEWS

Ares Management Corp.

Barclays PLC

British Broadcasting Corp.

Euronext Amsterdam NV

Investments Ltd.

London Stock Exchange Group PLC

People's Insurance Company of China

Ping An Insurance

Project Management Ltd.

Raiffeisen Bank International AG

Solicitors Regulation Authority Ltd.

TMX Group Ltd.

Tata AIG General Insurance Co.Ltd.

WSP Holdings Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Committee on Foreign Investment in the United States

Companies House

European Union

National Aeronautics and Space Administration

National Oceanic and Atmospheric Administration

UK High Court

UK Ministry of Justice