Asset manager Nuveen said Tuesday that it has received regulatory approval for its planned £9.9 billion ($13 billion) takeover of U.K. rival Schroders, paving the way for the deal to close once remaining conditions are met.
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WEDNESDAY, SEPTEMBER 23, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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Nuveen Wins Regulatory Backing To Buy Schroders For £10B

By Irene Madongo

Asset manager Nuveen said Tuesday that it has received regulatory approval for its planned £9.9 billion ($13 billion) takeover of U.K. rival Schroders, paving the way for the deal to close once remaining conditions are met.

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Rentokil To Sell Lake Management Arm To Bain For $230M

By Joel Poultney

Global pest control company Rentokil said Tuesday it has agreed to sell its lake and pond management division to U.S. asset manager Bain Capital for $230 million.

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Premier Inn Owner Faces US Investor Push For Board Seat

By Irene Madongo

A New York-based investor in Premier Inn owner Whitbread called Tuesday for one of the investor's partners to be appointed to the hotelier's board, expressing concerns about the British multinational's performance.

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M&A

Glenstone Wins Majority Backing For £56M REIT Bid

By Irene Madongo

Glenstone said Tuesday that almost 70% of shareholders in Alternative Income REIT have backed its £56.4 million ($75 million) takeover offer, after Alternative Income's board decided to recommend the deal.

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MERGER REVIEW

CMA Seeks Views On Kone's €29.4B Deal For German Rival

By Najiyya Budaly

The antitrust authority said Tuesday it is seeking initial views on whether Finnish lift engineering giant Kone's planned €29.4 billion ($33.7 billion) acquisition of TK Elevator GmbH could harm competition in the U.K.

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LITIGATION

Oxford Fund Founder Sues For Share Of $1.5B Co. Sale

By Laura Stewart Liberty

A founding partner of an Oxford investment company that backs university spin-offs has accused his former business of withholding his share of returns from a medical technology company sold for $1.5 billion.

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LAW FIRMS IN TODAY'S NEWS

Clifford Chance

Dickson Minto

Freshfields

Greenberg Traurig

Hannes Snellman

Katten Muchin

Kirkland & Ellis

Ropes & Gray

Roschier Attorneys

Skadden Arps

Slaughter and May

COMPANIES IN TODAY'S NEWS

Advent International Corp.

Bain Capital Crypto

Cinven Ltd.

Corvex Management

H.I.G. Capital LLC

Kone Corp.

London Stock Exchange Group PLC

Nasdaq Inc.

Nuveen LLC

Rentokil Initial PLC

Schroders PLC

Teachers Insurance & Annuity Association of America

Terumo Corp.

The Goldman Sachs Group Inc.

Whitbread PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

European Commission

Swiss Financial Market Supervisory Authority

UK High Court