Simpson Thacher Helps KKR Buy Out Wella For $750M

By Najiyya Budaly

Beauty heavyweight Coty said Friday that it will sell its remaining 25.8% stake in Wella to KKR for $750 million while keeping the right to proceeds from any further sale or initial public offering of the hair care brand.

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UK Open To Behavioral Remedies During Merger Reviews

By Najiyya Budaly

Britain's competition watchdog said on Friday that it will be willing to accept remedies during merger reviews that it had previously deemed too onerous to monitor, but only under certain circumstances, as the authority looks to back the government's agenda to help the U.K. economy grow.

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CMS-Led Strix To Sell Aussie Biz For £110M

By Dawood Fakhir

Kettle safety components maker Strix said Friday that it has agreed to sell its business in Australia for £110 million ($147 million) in order to boost its capital because of weaker trading due to U.S. tariffs.

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BBVA Gains ECB Nod For Record €4B Buyback

By Tom Fish

​Banco Bilbao Vizcaya Argentaria said on Friday that the European Central Bank has authorized the lender's largest-ever share buyback, which will be worth up to €3.96 billion ($4.64 billion), months after it made a failed bid for domestic rival Banco Sabadell.

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UK Probes Kingsmill Bread Owner's Buy Of Rival Hovis

By Dawood Fakhir

Britain's antitrust authority said Friday that it has decided to launch a formal probe into the acquisition of British bread company Hovis Group Ltd. by Associated British Foods PLC, which already owns rival bread brand Kingsmill.

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Canada Life Pens £189M Pension Deal With Healthcare Co.

By Joel Poultney

Insurer Canada Life on Friday said it has taken on £189 million ($252.5 million) in retirement liabilities from an unnamed pension scheme in the healthcare sector, in a deal guided by Stephenson Harwood and Baker McKenzie.

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UAE Oil Co. Wins $85M Dividend Payment Fight On Appeal

By William Janes

A state-owned United Arab Emirates oil and gas company on Friday won its case that a former joint-venture partner stripped $84.7 million out of the business before selling it, with a London appeals court ruling a judge wrongly dismissed the case.

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Yodel Wins Share Dispute With Ex-Director Over Forged Docs

By Ronan Barnard

Delivery company Yodel defeated a claim alleging it owed a controlling stake in it to two companies controlled by its former owner, as a London judge ruled Friday that he had probably created false share warrant documents to support the claim.

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Roundup

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

By Laura Stewart Liberty

This past week in London has seen the designer of an 88-facet diamond bring a copyright claim against a luxury watch retailer, collapsed firm Axiom Ince bring legal action against the solicitors' watchdog, and the Post Office hit with compensation claims from two former branch managers over their wrongful convictions during the Horizon information technology scandal.

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