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Ineos invests in Castore, shifting Belstaff ownership in strategic deal. The company’s strategic investment in sports apparel brand Castore facilitates Castore’s acquisition of heritage brand Belstaff, marking a shift towards luxury fashion.
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Wood Group backs Sidara’s new 30p offer amid FCA probe. The Aberdeen-based engineering group is “minded to recommend” a revised takeover offer from Dubai’s Sidara, despite suspended trading, delayed accounts, and ongoing scrutiny from the UK’s financial watchdog.
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Blackstone to acquire Shermco for $1.6 billion. Shermco, a Texas-based electrical services provider, will be acquired by Blackstone, enhancing its focus on energy transition and electrification opportunities. The acquisition is part of Blackstone’s ongoing strategy in this sector….
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Broadcasting, biotech, and wealth management dominated U.S. M&A this week. Nexstar’s $6.2 billion bid for Tegna led the headlines, while Honeywell added utility platforms, XOMA Royalty expanded in oncology, and wealth managers pursued consolidation. Mubadala’s take-private of CI Financial added sovereign weight to a diverse week of deals.
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UK M&A activity spanned semiconductors, fintech, property, advisory, and aerospace. Five key transactions defined this week, led by Haylo Labs’ security-approved purchase of Plessey, alongside Starling’s acquisition of Ember and Leonard Curtis’s stake sale to Pollen Street Capital, highlighting national-interest sectors and private capital momentum.
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Nexstar Media Group set to acquire Tegna in $6.2bn deal. The agreement, which offers Tegna shareholders a 31% premium, would extend Nexstar’s reach to 80% of U.S. households, surpassing federal ownership limits and raising questions over media consolidation and regulation.
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Haylo Labs has acquired UK chipmaker Plessey in China-funded deal. The acquisition cleared national security review and injects new capital into one of Europe’s oldest semiconductor companies, raising questions over foreign funding in critical technologies and promising major expansion for the UK’s micro-LED industry.
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UK M&A activity spans bread, LNG, and aerospace this week. Deals include ABF’s planned Hovis acquisition, Centrica’s LNG investment, Evelyn Partners’ sale plans, Boeing’s merger clearance, and EG Group’s international divestments.
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Diginex to acquire Findings in a $305 million transaction. The acquisition aims to enhance Diginex’s technological capabilities and cybersecurity prowess, integrating Findings’ expertise in AI vendor risk management and cloud security, thus expanding its footprint in the cybersecurity sector….
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Apollo to acquire Kelvion from Triton in strategic deal. Global investment manager Apollo will acquire Kelvion, a German thermal management firm, from Triton. Kelvion is poised to address trends in data centre cooling and green technology….