Arkema's sale process for its polymethyl methacrylate (PMMA) business Altuglas International appears to be fluid with bidders working off different timelines, sources familiar with the situation said.      The sale process is in the midst of a second round with most suitors – primarily financial sponsors – conducting due diligence off an

Third parties have until late next week to provide feedback to the European Commission (EC) on the remedies offered by London Stock Exchange Group for its proposed acquisition of Refinitiv, according to two third-party sources.   Market testing has kicked off on the remedies which were filed with the EC yesterday (5 November), extending the

French energy giant Engie is holding conversations with potential advisors as it looks to embark on the long road to carving a New Solutions division, three sources familiar with the matter said.   The company has not sent out requests for proposals but is in discussions with a number of parties, one of them added.   Engie first announced

The Aermont Capital-led group of activist investors opposed to Unibail-Rodamco-Westfield’s proposed EUR 3.5bn rights issue would not settle for a smaller issuance, according to a source close to the situation.   URW, a developer and operator of commercial real estate, announced on 17 September that it intends to issue EUR 3.5bn in new shares,

William Hill [LON:WMH] spoke to suitors besides Caesars Entertainment [NASDAQ:CZR] and Apollo Global Management [NYSE:APO] before agreeing a deal with the US gaming group, a source close to the situation and a source familiar said.       William Hill’s board announced Wednesday (30 September) that it had agreed to a 272p/share sale to Caesars.

Osram minority investors could expect compensation to reach a “minimum of EUR 60-70 per share” if they are willing to challenge the Domination and Profit and Loss Transfer Agreement (DPLTA) compensation announced yesterday (22 September) by ams, according to Peter Dreier of Dreier Riedel Attorneys at Law.   Dreier, who is representing an unspecified

Dutch geo-intelligence and asset integrity specialist Fugro [AMS:FUR] and KKR-backed subsea surface and equipment player Acteon have engaged in tie-up discussions, two sources familiar with the matter said.   KKR, which has tapped RBC as its adviser, is seeking a liquid platform from which to realise its investment in UK-based Acteon, while

Elementis  could consider selling its chromium business to ease leverage pressure amid weakened demand and poor trading performance, according to several sector bankers.   The UK specialty chemicals company’s chromium division is the most logical disposal candidate as a value destroyer in an otherwise strong portfolio, one of the bankers said.   The

The number of failed deals in the European public market space has been low during 2020 even as the coronavirus pandemic has ravaged financial markets, according to analysis by Dealreporter.   That’s not to say 2020 has been plain sailing for merger arbitrage funds. Pre-definitive or ‘expected’ deals have remained vulnerable to collapse

It has been 3.8 years since China Oceanwide’s USD 2.7bn offer to acquire Genworth Financial [NYSE:GNW] became a binding transaction. The market is pricing in a close to zero chance that the long running attempt will complete. But the bidder is, perhaps somewhat gamely, pressing ahead with its efforts to obtain financing for the deal.   China Oceanwide