Topic
takeover
Business EasyJet agrees to £5.7bn takeover by US firm Apollo after Castlelake pulls out
EasyJet has agreed to a £5.7bn takeover by US firm Apollo, according to BBC Business. The deal was announced after rival suitor Castlelake said it was dropping out of the bidding. EasyJet employs more than 19,000 people and flies around 1,200 routes across 35 European countries.
Logistics Diana Drops Hostile Tender for Genco as Takeover Talks Stall, Keeps Higher Bid on Table
Diana Shipping has allowed its hostile tender offer for Genco Shipping & Trading to expire after insufficient shares were tendered, but the company is keeping its separate $27.34-per-share takeover proposal on the table. The tender, which offered $24.80 per share, saw 31.6% of Genco's outside stock tendered. Diana now seeks direct negotiations, while Genco disputes valuation claims and questions the stock component of the proposal.
Business Segro Board Unanimously Backs Prologis' Increased $18.7 Billion Takeover Bid
Segro's board agreed to back Prologis' increased £14 billion ($18.7 billion) takeover bid, with a 9.5% increase over the initial offer and a 47% premium to Segro's three-month weighted average share price. The UK Takeover Panel extended the deadline to August 12. The deal highlights growing consolidation in logistics real estate.
Logistics NYK Completes Full Acquisition of Saga Welco from Westfal-Larsen Strengthening Dry Bulk
Japanese shipping major NYK has completed the full acquisition of Norwegian open-hatch operator Saga Welco by buying out Westfal-Larsen's 50% stake. The deal closed on July 20, 2026, with financial terms undisclosed. Saga Welco operates 48 vessels and 120 employees, specializing in semi-liner services for pulp, forest products, and project cargoes.
Business Segro Rejects Enhanced $18.2B Prologis Takeover Bid, Third Offer Rebuffed
Segro has rejected Prologis' third and enhanced takeover bid valued at £13.5 billion ($18.2 billion), representing a 6% increase over the initial all-stock proposal. The offer includes a 20% cash component and a 41% premium to Segro's three-month weighted average share price. Segro called the bid opportunistically timed, while Prologis argued its proposal provides superior value and access to a larger logistics network.
Finance Thomas Miller Shareholders Back UK Club and TT Club Takeover with 89% Acceptances
UK P&I Club and TT Club have secured over 89% shareholder acceptances for their acquisition of Thomas Miller Holdings via SPV TMH Bidco. Completion is expected in Q4 2026, subject to regulatory approvals. The deal is linked to a planned merger of the two clubs by February 20, 2027. TT Club chairman Morten Engelstoft called the response a strong endorsement of the strategic rationale.
Business RWE Acquires Indirect Majority Stake in German Grid Operator Amprion
German utility RWE has acquired an indirect majority stake in transmission system operator Amprion, increasing its total shareholding to 55%. The transaction supports Amprion's €42 billion investment plan to expand Germany's grid by 2030.
Prologis Presses Segro After $16.6B Offer Rejected, Touts Strategic Benefits
Prologis has intensified its pursuit of Segro after the London-based logistics warehouse operator rejected a £12.6 billion ($16.6 billion) all-stock takeover bid. Prologis outlined a strategic thesis including access to its larger network and balance sheet, while Segro called the offer 'inadequate, opportunistic and one-sided.' Shares of Prologis fell 2.2%, while Segro rose 7.8%.
Halifax Brand Scrapped After 173 Years as Lloyds Banking Group Consolidates Portfolio
Lloyds Banking Group has confirmed it will retire the Halifax brand after 173 years, rebranding all customer accounts to Lloyds. The decision, reported by BBC Business, aims to simplify the group's portfolio. No job cuts are announced, and branches will be rebranded or relocated throughout 2027.
Business AP Moller Holding Acquires Norwegian Shipleasing Specialist Ocean Yield from KKR
AP Moller Holding has agreed to acquire Ocean Yield from KKR, adding a Norwegian shipleasing platform with over 70 vessels and a contracted backlog exceeding $5 billion. The deal, which requires regulatory approvals, expands the Danish group's maritime portfolio following recent acquisitions of Maersk Supply Service, Maersk Tankers, and Svitzer. No purchase price was disclosed.
Business Sky to Acquire ITV's Broadcast Arm in Landmark UK Media Takeover
Sky, the pay-TV and broadband company owned by Comcast, is expected to buy ITV's television and streaming channels, including ITVX, in one of the largest takeovers in British media history. The deal will create a new American-owned British media company, with ITV's production arm, ITV Studios, remaining as a separate publicly traded entity. Key ITV shows will remain free-to-air until at least 2034 due to public service broadcasting obligations.
Business EasyJet Reaches Agreement in Principle with Castlelake Over £5.2bn Takeover Bid
EasyJet has reached an agreement in principle with US investment firm Castlelake over a takeover offer worth approximately £5.2 billion, at £6.90 per share. The board said it would be minded to recommend the offer if a firm bid is made, but Castlelake must secure regulatory clearances, including compliance with EU ownership rules, by 3 August.
EasyJet Rejects £4.74bn Castlelake Takeover Bid, Calls Offer 'Highly Opportunistic'
EasyJet has rejected a £4.74bn takeover offer from US investment firm Castlelake, accusing it of trying to buy the airline 'on the cheap'. Castlelake, which already holds a 2.14% stake, has until Friday to make a firm offer or walk away. The bid includes a partnership with two EU nationals to comply with ownership regulations.
Business EasyJet rejects £4.7bn takeover bid from US investment firm Castlelake
EasyJet has rejected a £4.74bn takeover offer from US investment firm Castlelake, which described the bid as 'highly opportunistic'. Castlelake, which already holds a 2.14% stake, made three proposals this month and has now gone public to allow shareholders to consider the offer. The deadline for a firm bid is this Friday.
Logistics Norebo Expands Shipping Arm with Dalreefer Takeover, Bolstering Russian Reefer Capacity
Russian seafood group Norebo has acquired Far East-based reefer operator Dalreefer, adding five vessels to its logistics arm. The deal strengthens Norebo's vertical integration in cold-chain shipping for frozen fish exports from Russia's Pacific grounds, as Russian seafood producers seek greater logistics control amid sanctions.
Logistics Diana Shipping sweetens Genco bid again with cash-and-stock offer valuing target at $27.34 per share
Greek dry bulk owner Diana Shipping has increased its takeover proposal for US-listed rival Genco Shipping & Trading for a fourth time, adding a stock component and valuing Genco at $27.34 per share. The cash-and-stock offer includes $24.80 per share in cash plus one Diana share valued at $2.54. Diana CEO Semiramis Paliou stated the proposal provides a meaningful premium and immediate cash value while creating one of the largest publicly listed dry bulk operators.
Business Historic Cammell Laird Name Set to Disappear After Balaena Takeover of APCL Group
Balaena's acquisition of APCL Group will see the historic Cammell Laird shipyard renamed Balaena Birkenhead, ending a nearly 200-year-old brand. The deal merges five shipyards and 12 dry docks across the UK and Gibraltar.
Business Woodside Energy Dismisses ExxonMobil Takeover Speculation as Unfounded
Woodside Energy has denied any discussions with ExxonMobil regarding a potential acquisition, following media reports that the U.S. supermajor was evaluating Woodside as a target to bolster its LNG and Asian market presence. Bloomberg reported early-stage internal talks at ExxonMobil, but Woodside confirmed no proposal or negotiations exist.