The board of budget airline easyJet has said that it has thrown its support behind a £5.2 billion ($6.9 billion) takeover offer from Castlelake LP after rejecting four earlier approaches from the alternative investment firm.
Law360 UK
Transactions
TUESDAY, JULY 7, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

BARCELONA-AIRPORT_EXPANSION_87_47.jpg

EasyJet Backs Latest £5.2B Castlelake Takeover Bid

By Najiyya Budaly

The board of budget airline easyJet has said that it has thrown its support behind a £5.2 billion ($6.9 billion) takeover offer from Castlelake LP after rejecting four earlier approaches from the alternative investment firm.

Read full article » | Save to favorites »

Freshfields Guides ITV In £1.6B Sale Of Unit To Rival Sky

By Dawood Fakhir

Media giant Sky Group said Monday that it has agreed to acquire the broadcast and streaming division of ITV for as much as £1.6 billion ($2.1 billion) in a move that would bring together two of the U.K.'s best-known media businesses.

Read full article » | Save to favorites »

Novartis To Buy UK Oncology Biotech Biz For Up To $1.5B

By Najiyya Budaly

Swiss pharmaceutical heavyweight Novartis said Monday that it will buy London-based biotechnology company Myricx Bio for up to $1.5 billion in a move to strengthen its oncology pipeline.

Read full article » | Save to favorites »

LITIGATION

Britvic In Hot Water Over £3.6M Tap Co. Earnout Payments

By Eddie Beaver

The founder of a tap sales and installation company has sued Britvic for £3.6 million ($4.8 million), alleging that the soft drinks maker deliberately mismanaged the business after acquiring it to avoid earnout payments agreed in the sale.

Read full article » | Save to favorites »

Brief

Saudi Prince Applies To Wind Up Sheffield Utd. Owner

By Sophia Dourou

A Saudi prince who was formerly the owner of Sheffield United FC applied on Monday to wind up the American consortium that acquired the club in 2024.

Read full article » | Save to favorites »

DEALS

Lockheed Martin Strikes $3.5B Deal For Ultra Maritime

By Jade Martinez-Pogue

Global defense company Lockheed Martin, advised by Hogan Lovells Cadwalader and Fried Frank Harris Shriver & Jacobson LLP, on Monday unveiled plans to acquire private equity-backed undersea warfare solutions company Ultra Maritime in a $3.45 billion deal.

Read full article » | Save to favorites »

Clarivate Sells Life Sciences And Healthcare Biz For $600M

By Jade Martinez-Pogue

Analytics company Clarivate PLC on Monday announced that it has agreed to sell its Life Sciences & Healthcare segment to investment firm Altaris LLC in a $600 million deal built by three law firms.

Read full article » | Save to favorites »

TLT Guides £5M Pension Buy-In For UK Ammo Maker

By Tom Fish

Defense technology company Key Technologies Ltd. has completed a £5 million ($6.7 million) full-scheme buy-in to secure the retirement benefits of all 48 members of its pension program, U.K. consultant Broadstone said Monday.

Read full article » | Save to favorites »

POLICY & REGULATION

FCA Sets Out Plan To Tackle AI Risks In Financial Sector

By Alex Davidson

The Financial Conduct Authority said in a review on Monday that artificial intelligence will transform services in the sector for consumers, proposing a seven-step framework to determine how it intends to regulate the technology.

Read full article » | Save to favorites »

CAPITAL MARKETS

Paul Weiss-Led Data Center Operator CSquare Eyes $1.3B IPO

By Nate Beck

Data center owner CSquare said Monday it aims to raise $1.3 billion in an initial public offering next week advised by Paul Weiss Rifkind Wharton & Garrison LLP and underwriters' counsel Latham & Watkins LLP.

Read full article » | Save to favorites »

Dickson Minto-Led Glenstone Ups Bid For Rival To £57.5M

By Dawood Fakhir

Glenstone REIT said Monday that it has increased its offer price for Alternative Income REIT to approximately £57.5 million ($76.7 million) to persuade fellow shareholders of the London-based property investment rival, which has rejected its previous approaches.

Read full article » | Save to favorites »

Brief

Engineering Biz Smiths To Launch 2nd Phase Of £1B Buyback

By Irene Madongo

Smiths Group said Monday it will soon roll out a share buyback of up to £400 million ($533 million), the second part of the engineering company's wider £1 billion stock repurchase program.

Read full article » | Save to favorites »

Brief

Gold Producer GoldStone To Raise £3.5M Through Share Deal

By Irene Madongo

GoldStone, a gold producer and exploration company, said Monday that a Hong Kong-listed mining company has agreed to subscribe for shares representing about 21% of its share capital, raising proceeds of £3.51 million ($4.7 million).

Read full article » | Save to favorites »

gray blue promo that reads Law360 Pulse Lawyer Satisfaction Survey gray blue promo that reads Law360 400

LAW FIRMS IN TODAY'S NEWS

Addleshaw Goddard

Clifford Chance

Davis Polk

Dickson Minto

Frank LLP

Freshfields

Fried Frank

HSF Kramer

Hogan Lovells

Jones Day

Kirkland & Ellis

Latham & Watkins

Milbank LLP

Paul Weiss

Slaughter and May

TLT LLP

COMPANIES IN TODAY'S NEWS

Aviva PLC

Aviva SA

BMO Capital Markets Corp.

BNP Paribas SA

British Broadcasting Corp.

Britvic PLC

Castlelake LP

Clarivate PLC

Comcast Corp.

Decision Resources Group

Evercore Inc.

HSBC Holdings PLC

ITV PLC

Lockheed Martin Corp.

London Stock Exchange Group PLC

Morgan Stanley

NVIDIA Corp.

Netflix Inc.

Novartis AG

Sky PLC

Smiths Group PLC

TD Securities Inc.

The Bank of Nova Scotia

The Goldman Sachs Group Inc.

Wells Fargo & Co.

easyJet plc

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Conduct Authority

Ofcom

U.S. Securities and Exchange Commission

UK High Court