Transactions UK

  • February 21, 2024

    Proxy Advisers Push Gold Biz Investors To Accept £142M Bid

    Two major proxy advisory firms urged the shareholders of Shanta Gold Ltd. on Wednesday to accept a Mauritius-based conglomerate's £142 million takeover bid.

  • February 21, 2024

    Saint-Gobain Weighs Buying Australian Rival CSR For $2.9B

    French construction materials giant Saint-Gobain said Wednesday it is exploring potentially buying CSR Ltd., an Australian rival, for approximately $4.5 billion Australian dollars ($2.9 billion), as the company eyes expanding overseas.

  • February 21, 2024

    Cider Maker Magners Plans To Launch €15M Share Buyback

    C&C Group PLC said on Tuesday that it will reward investors through a share buyback program worth up to €15 million ($16 million), on the back of its confidence in the outlook for business.

  • February 21, 2024

    Financial Adviser Sues Law Firm For Ex-Director's Legal Fees

    Financial services business Gallium has claimed a law firm failed to question why it paid £673,000 ($850,000) in legal fees for its ex-director "in his personal capacity" during a dispute with another shareholder.

  • February 21, 2024

    Burges Salmon Leads Insurer's £11M Spar Pension Deal

    Insurer Just Group said on Wednesday that it has completed an £11 million ($13.8 million) pension buy-in transaction with Spar (UK) Ltd., in a deal guided by Burges Salmon LLP.

  • February 21, 2024

    Addleshaw Goddard Advises BT On £275M London Tower Sale

    BT Group PLC said Wednesday that it has agreed to sell its landmark London telecommunications tower for £275 million ($347 million) to a U.S. hotel group, which plans to convert the building into a hotel.

  • February 21, 2024

    HSBC Sets Out $2B Share Buyback After 2023 Profit Gain

    HSBC said on Wednesday that it will "shortly commence" a share buyback worth up to $2 billion as the British banking group looks to reward shareholders after posting record profits for the previous calendar year.

  • February 20, 2024

    EU Approves Orange's €18.6B Spanish Telecoms JV

    Europe's competition enforcer on Tuesday approved a deal for Orange SA and MasMovil Ibercom SA to combine their operations in Spain through a €18.6 billion ($20.3 billion) joint venture after the companies agreed to sell spectrum to a growing mobile operator in the country.

  • February 20, 2024

    Housing Maintenance Biz To Launch £20M Share Buyback

    Mears Group PLC said on Tuesday its board had given the green light for another share buyback program of up to £20 million ($25.2 million), stepping up its drive to return surplus capital to investors.

  • February 20, 2024

    InterContinental Sets $800M Buyback As Profits Soar

    Hospitality giant InterContinental said Tuesday that it will return over $1 billion to its shareholders in 2024, including an $800 million share buyback and $200 million in dividends, as its profits jumped 70% in 2023.

  • February 20, 2024

    Energy Co. Kistos To Buy EDF's Gas Storage Unit For £25M

    U.K. energy business Kistos Holdings PLC said Tuesday it has agreed to buy the gas storage unit of EDF Energy, the British subsidiary of the French nuclear power giant, for £25 million ($31.5 million).

  • February 20, 2024

    Barclays Plans £1B Share Buyback In Boost For Shareholders

    Barclays PLC said on Tuesday it will launch a new share buyback program worth up to £1 billion ($1.26 billion) in the first quarter of 2024 as the lender looks to return excess cash to shareholders.

  • February 20, 2024

    Israeli Fintech Plans $175M Share Buyback, Dividend Payout

    Plus500 said on Tuesday that it will roll out a new share buyback program worth up to $100 million, as it looks to reward investors despite a sharp drop in revenue.

  • February 20, 2024

    UK Software Biz Seeks More Time To Mull Takeover Offer

    SmartSpace has asked the U.K. government to extend a deadline for a U.S. peer to make a binding offer for the British software company after Skedda Inc. took its £25 million ($31.5 million) proposal off the table.

  • February 19, 2024

    Bank Of Georgia Offers $303.6M For Armenian Lender

    Bank of Georgia said Monday that it has agreed to buy an Armenian bank for around $303.6 million in a deal guided by Baker McKenzie and Travers Smith LLP as it seeks to grow beyond the national Georgian market.

  • February 19, 2024

    Santander Launches €1.5B Share Buyback After Profit Gains

    Banco Santander SA said on Monday it will reward investors with a new program to repurchase shares of up to €1.5 billion ($1.6 billion).

  • February 19, 2024

    Ex-Autonomy Boss Wants SFO Docs To Sink DOJ Fraud Case

    Mike Lynch wants the Serious Fraud Office to turn over information it holds on him over concerns that U.S. authorities sought international assistance to avoid running out of time to charge him for fraud, according to particulars of the extradited entrepreneur's legal claim against the U.K. agency.

  • February 19, 2024

    Gold Miner To Sell Russian Biz For $3.7B As Sanctions Bite

    Polymetal International said on Monday that it has agreed to sell its Russian business for an estimated $3.69 billion in cash and debt, as the precious metals giant looks to comply with international sanctions following the invasion of Ukraine in 2022.

  • February 19, 2024

    Currys Snubs Fund's £700M Proposal, JD.com Preps Rival Bid

    Currys PLC said Monday that it has rejected a proposed takeover offer from U.S. investment firm Elliott Advisors to buy the British retailer, saying it "significantly undervalued the company and its future prospects."

  • February 19, 2024

    NatWest Begins £300M Share Buyback As Profits Soar

    NatWest Group PLC said on Monday that it has launched a share buyback program worth up to £300 million ($380 million) as the financial services group looks to reduce its shareholder equity after posting a surge in profits.

  • February 16, 2024

    Gibson Dunn, DLA Piper Steer $1.45B Sale Of All3Media

    RedBird IMI, advised by Gibson Dunn & Crutcher LLP, on Friday revealed that it has agreed to buy independent television production and distribution company All3Media from its joint owners, DLA Piper-led Warner Bros. Discovery Inc. and Liberty Global Ltd., in a £1.15 billion ($1.45 billion) deal that will allow the independent production company to continue developing and producing programming.

  • February 16, 2024

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

    This past week in London has seen a legal battle erupt between JPMorgan and the founder of a Greek payments company following a dispute over the valuation of their jointly owned fintech business, the children of late Russian oligarch Vladimir Scherbakov face a claim by Fieldfisher LLP, the Director of Education and Training at the Solicitors Regulation Authority tackle a claim by two solicitors, and train operator First MTR South Western Trains file a claim against a security company. Here, Law360 looks at these and other new claims in the U.K.

  • February 16, 2024

    Druces-Led SPAC's £19M Bid For AI Biz Gets Extension

    U.K. blank-check company Mustang Energy's bid to buy Cykel, an artificial intelligence software developer, for £19.2 million ($24.1 million) has been granted an extension by the national takeovers and mergers panel, the companies said Friday.

  • February 16, 2024

    Lawyers Advising PE On Alternative Exits Amid Market Slump

    Private equity firms have turned to their lawyers to find creative solutions for realizing cash for investors as deals activity in the IPO market in London remains sluggish — such as setting up continuation funds, making partial sales or working creatively with debt.

  • February 16, 2024

    NatWest Plans £300M Buyback After Earnings Jump

    NatWest Group PLC said Friday that it is planning to buy back up to £300 million ($380 million) of its shares in 2024 through an on-market program, as it reported a 20% increase in operating profit for 2023.

Expert Analysis

  • Vodafone Decision Highlights Wide Scope Of UK's FDI Rules

    Author Photo

    The U.K. government’s recently imposed conditions required for its approval of Vodafone and Etisalat’s strategic relationship agreement under its National Security and Investment Act jurisdiction, illustrating the significance of the act as an important factor for transactions with a U.K. link, says Matthew Hall at McGuireWoods.

  • What Extension Of French FDI Control Means For Investors

    Author Photo

    The recently published French order on foreign investment control expands the regime's application to more sectors and at a lower threshold of share ownership, illustrating France's determination to maintain sovereignty over its supply chains in sensitive sectors, and adding new considerations for potential investors in these areas, say lawyers at Linklaters.

  • What To Expect For Private Capital Investment Funds In 2024

    Author Photo

    As 2024 gets underway, market sentiment in the private fundraising sphere seems more optimistic, with a greater focus on deal sourcing and operational optimizations, and an increased emphasis on impact and sustainability strategies, say lawyers at Ropes & Gray.

  • Cayman Islands Off AML Risk Lists, Signaling Robust Controls

    Author Photo

    As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.

  • Acquisition Of AI Tech Poses Challenges For Media Industry

    Author Photo

    The artificial intelligence regulatory landscape is changing quickly, and media and entertainment companies planning to acquire AI technology through a merger, acquisition or licensing deal should be mindful of potential new compliance requirements and AI-specific insurance products, say lawyers at Covington.

  • Due Diligence Pointers After Entain Deferred Prosecution Deal

    Author Photo

    The Crown Prosecution Service's £615 million settlement with Entain last month signifies that the CPS is a serious enforcer of corporate crime, and illustrates the importance of carrying out a tailored risk assessment in preparation for and following an acquisition, say Matthew Cowie and Aziz Rahman at Rahman Ravelli.

  • What Can Be Learned From Adobe-Figma Merger Termination

    Author Photo

    The Competition and Markets Authority’s role in the recent termination of the proposed Adobe-Figma merger deal indicates the regulator's intention to be seen as a strong enforcer in the technology sphere, and serves as a warning for companies to address antitrust risks early on in the merger process, say Deirdre Taylor and Molly Heslop at Gibson Dunn.

  • How FCA Listing Regime Reform Proposals Are Developing

    Author Photo

    The Financial Conduct Authority’s recently proposed U.K. equity listings reforms maintain increased flexibility with a disclosure-based approach, but much of the new regime’s success will depend on the eligibility criteria used and whether additional governance will be required for inclusion, say lawyers at Debevoise.

  • US And UK Law Firms Continue Trend Of EU Expansion

    Author Photo

    A broad spectrum of U.S. and U.K. law firms are now seeking fresh opportunities in Europe's fastest growing and constantly evolving sectors by opening offices in strategic locations across the continent, says James Lavan at Buchanan Law.

  • A Look At 2023's Landmark Insolvency Developments

    Author Photo

    The insolvency landscape in 2023 witnessed pivotal court decisions that will continue to shape the industry in 2024, with a focus on refining director and administrator duties and obligations, and addressing emerging challenges, says Kerri Wilson at Ontier.

  • Regulating Digital Platforms: What's Changing In EU And UK

    Author Photo

    Lawyers at Mayer Brown assess the status of recently enacted EU and U.K. antitrust regulation governing gatekeeper platforms, noting that the effects are already being felt, and that companies will need to avoid anti-competitive self-preferencing and ensure a higher degree of interoperability than has been required to date.

  • An Overview Of European Private Investments in Public Equity

    Author Photo

    Although still fairly rare, private investments in public equity may continue to be an attractive option for some European issuers seeking to secure equity financing, and advisers planning such an investment should consider the various local options, requirements and norms, say lawyers at Sullivan & Cromwell.

  • UK Takeover Code Changes: Key Points For Bidders, Targets

    Author Photo

    Newly effective amendments to Rule 21 of the U.K. Takeover Code, which remove legal and administrative constraints on a target operating its business in the ordinary way during an offer, will add clarity for targets and bidders, and are likely to be welcomed by both, say lawyers at Davis Polk.

  • EU Rejection Of Booking.com Deal Veers From Past Practice

    Author Photo

    The European Commission's recent prohibition of Booking's purchase of Etraveli based on ecosystem theories of harm reveals a lower bar for prohibiting nonhorizontal mergers, and may mean increased merger scrutiny for companies with entrenched market positions in digital markets, say lawyers at Linklaters.

  • What Lawyers Can Learn From FDI Screening Report Findings

    Author Photo

    The recent European Commission report on the screening of foreign direct investments into the EU reveals how member states need to balance national security concerns with openness, and with more cross-border transactions subject to screening, lawyers must be alert to jurisdictional variances, says Jonathon Gunn at Faegre Drinker.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!