Impax Environmental Markets PLC launched a tender offer on Friday to allow shareholders in the U.K. utility investment company to sell their stakes as it seeks to extricate itself from its largest investor, U.S. hedge fund Saba Capital.
Impax Environmental Markets PLC launched a tender offer on Friday to allow shareholders in the U.K. utility investment company to sell their stakes as it seeks to extricate itself from its largest investor, U.S. hedge fund Saba Capital.
The antitrust authority has ordered U.S. hospitality company Aramark Group to sell Scottish offshore caterer Entier Ltd., after it found that a merger will substantially lessen competition for services to North Sea oil and gas platforms.
A subsidiary of collapsed private equity giant Abraaj Group lost its claim on Friday to $37 million of a disputed debt of $41.5 million after a court ruled that the unit's parent company assigned the $37 million chunk to a bank.
British oil and gas producer Rockhopper said Friday that it has raised approximately £6.9 million ($9.2 million) in equity through an oversubscribed share offering from its existing investors for the development of a flagship project in the South Atlantic.
Metal heat treatment company Bodycote said Friday that it has acquired Spectrum Thermal Processing LLC, a rival business operating in the aerospace sector, for approximately $8 million in cash as it seeks to widen its footprint in the U.S.
American insurance giant Travelers has become the latest insurer to pen a partnership with artificial intelligence company Anthropic after announcing it had signed a deal that it said would grow its AI-powered engineering and analytics capabilities.
In this week's Taxation With Representation, Keurig Dr Pepper Inc. plans to complete its deal to snap up coffee company JDE Peet's NV, Boston Scientific Corp. acquires medical device company Penumbra Inc., and fitness and wellness platform parent Playlist merges with fitness technology company EGYM.
This past week in London saw the David Lloyd gym chain file an intellectual property claim against its founder, security company Primekings reignite a long-running dispute with the former owners of an acquired business, and a pair of Belizean developers sue a finance executive they say shut them out of a cruise port project.
The new U.K. prospectus regime for trading on regulated markets, effective Jan. 19, aims to streamline processes and reduce costs, but a significant shift in structuring and disclosure obligations will increase pressure on practitioners to manage risk under tighter timelines, say lawyers at Baker Botts.
