Investment giant BlackRock announced on Friday it is spending $12.5bn in a cash-and-shares deal to take over Global Infrastructure Partners, a private infrastructure fund manager based in New York.
The founder of Nisbets, a privately-owned catering equipment company, is reportedly in talks about a potential sale to Bunzl that would value the firm at between £450m and £500m.
GSK said it was buying Aiolos, a clinical-stage biopharmaceutical company focused on treatment of respiratory and inflammatory conditions, for up to $1.4bn (£1.1bn).