Market Tracker weekly deal round-up—5 August 2021
Lexis Nexis Blogs | Corporate Law
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2y ago
<div><p>For the latest updates on market activity and public company transactions, including key stories this week, developments in ongoing takeovers and IPOs, and events to look out for over the next seven days, see: <a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/document/397953/630F-NP03-CGXG-04YD-00000-00/Market-Tracker-weekly-highlights%E2%80%9424-June-2021"></a><a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/document/397953/631Y-M3H3-CGXG-034F-00000-00/Market%20Tracker%20weekly%20highlights%E2 ..read more
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Parker-Hannifin to take off with Meggit
Lexis Nexis Blogs | Corporate Law
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2y ago
<p>On 2 August 2021, aerospace and defence firm Meggitt plc (Meggitt)&nbsp;<a data-sf-ec-immutable="" href="https://lexismarkettracker.lexisnexis.com/documents/0036/36264/170866/MT_Meggitt%20by%20Parker-Hannifin%20Corp%20_%20Rule%202.7%20announcement_2%20August%202021.pdf">announced</a>&nbsp;that it had agreed the terms of a &pound;6.3bn recommended cash offer from Parker-Hannifin Corporation (Parker), an American motion and control technology specialist. The offer would see shareholders receive &pound;8.00 per share, representing a 71% premium to the closing ..read more
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Market Tracker weekly deal round-up—22 July 2021
Lexis Nexis Blogs | Corporate Law
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2y ago
<div><p>For the latest updates on market activity and public company transactions, including key stories this week, developments in ongoing takeovers and IPOs, and events to look out for over the next seven days, see: <a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/document/397953/630F-NP03-CGXG-04YD-00000-00/Market-Tracker-weekly-highlights%E2%80%9424-June-2021"></a><a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/document/397953/631Y-M3H3-CGXG-034F-00000-00/Market%20Tracker%20weekly%20highlights%E2 ..read more
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Market Tracker weekly deal round-up—29 July 2021
Lexis Nexis Blogs | Corporate Law
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2y ago
<div><p>For the latest updates on market activity and public company transactions, including key stories this week, developments in ongoing takeovers and IPOs, and events to look out for over the next seven days, see: <a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/document/397953/630F-NP03-CGXG-04YD-00000-00/Market-Tracker-weekly-highlights%E2%80%9424-June-2021"></a><a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/document/397953/631Y-M3H3-CGXG-034F-00000-00/Market%20Tracker%20weekly%20highlights%E2 ..read more
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Spotlight on SPACs
Lexis Nexis Blogs | Corporate Law
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2y ago
<p><em>Market Tracker reviews the SPACs making a debut on the London markets since January 2019.</em></p><p>On 27 July 2021, the Financial Conduct Authority (FCA) announced changes to the Listing Rules regarding special purpose acquisition companies (SPACs), following a consultation that began in April 2021. In a move intended to attract investment to the London markets amid competition from Frankfurt and Amsterdam, the regulator will not seek to suspend trading in a SPAC&rsquo;s shares once an acquisition target has been announced, for SPACs meeting certain c ..read more
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Singapore’s GIC joins expected takeover battle for Morrisons and Silchester voices opposition
Lexis Nexis Blogs | Corporate Law
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2y ago
<p>On 28 July 2021, it was <a data-sf-ec-immutable="" href="https://lexismarkettracker.lexisnexis.com/documents/0036/36147/170784/MT_Moirrons%20%26%20Fortress_Update_28%20July%202021.pdf">announced</a> that GIC Private Ltd (GIC), a sovereign wealth fund established by the Government of Singapore, joined the &pound;6.3bn recommended Fortress-led consortium offer for Wm Morrison Supermarket plc (Morrisons). GIC may not be the only institutional investor joining the consortium, with Apollo Global Management, Inc. (Apollo) <a data-sf-ec-immutable="" href="https://lexismark ..read more
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Market Tracker trend report: Trends in UK public M&A in H1 2021
Lexis Nexis Blogs | Corporate Law
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2y ago
<p><a target="_blank" href="[documents%7COpenAccessDataProvider]b501d455-8827-4dbc-a9cf-f0343697ab84">Click here to download the full report in PDF format</a>&nbsp;</p><p>This Market Tracker trend report includes in-depth analysis of the UK public M&amp;A transactions announced in H1 2021 and provides insight into what we and our contributors expect to see in H2 2021 and beyond.</p><p><a target="_blank" href="[documents%7COpenAccessDataProvider]b501d455-8827-4dbc-a9cf-f0343697ab84"></a></p><p><strong>What does the ..read more
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Market Tracker weekly deal round-up—15 July 2021
Lexis Nexis Blogs | Corporate Law
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2y ago
<h3><p>&nbsp;</p></h3><div><p>For the latest updates on market activity and public company transactions, including key stories this week, developments in ongoing takeovers and IPOs, and events to look out for over the next seven days, see: <a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/document/397953/630F-NP03-CGXG-04YD-00000-00/Market-Tracker-weekly-highlights%E2%80%9424-June-2021"></a><a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/corporate/docfromresult/D-WA-A-AVE-AVE-MsSWYWC ..read more
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Daily Mail’s controlling shareholder indicates possible bid
Lexis Nexis Blogs | Corporate Law
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2y ago
<p>&nbsp;</p><p>On 12 July 2021, Daily Mail and General Trust plc (DMGT) <a data-sf-ec-immutable="" href="https://lexismarkettracker.lexisnexis.com/documents/0036/36196/170394/MT_Daily%20Mail%20and%20General%20Trust%20possible%20offer_Rule%202.4%20announcement_12%20July%202021.pdf">announced</a> that Rothermere Continuation Limited (RCL), a Bermuda registered company owned by a trust held for the benefit of Viscount Rothermere and his immediate family (DMGT&rsquo;s controlling shareholder), would be prepared to make a possible offer for the entire issued a ..read more
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Wise move to undertake dual class share structure in direct listing IPO
Lexis Nexis Blogs | Corporate Law
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2y ago
<p>On 7 July 2021, Wise plc&rsquo;s class A shares were admitted to the standard segment of the Main Market of the London Stock Exchange (LSE). The company&rsquo;s initial public offering (IPO) has gained attention for its unusual direct listing, with no fundraising element, in conjunction with the choice to undertake a dual class share structure. Trading opened at 800p per share and by close had increased by 10% to &shy;&shy;&pound;8.80 per share, giving the company a market capitalisation of &pound;8.8bn. Initial market reaction suggests that Wise could be one o ..read more
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