Britain's National Security and Investment Act has provided companies with guidance amid intensifying global scrutiny of cross-border mergers and investment but corporate lawyers are urging the government to provide greater clarity on what deals are affected and how they will be assessed.
Software AG said it has rejected a €2.5 billion ($2.7 billion) counteroffer from Bain Capital, citing conditions that were not achievable, as the German tech giant opted instead for a lower takeover bid from U.S. private equity firm Silver Lake.
Amala Foods PLC said Tuesday that it is weighing the takeover of a private company in the healthcare, natural resources or technology sectors, as it looks to use its public listing to include a company that would raise its market capitalization.
Britain's competition regulator said Tuesday that it has cleared the proposed $7.3 billion takeover by Viasat Inc. of Inmarsat PLC after finding that the deal would not substantially lessen competition for Wi-Fi on airline flights taken by U.K. customers.
Two investors' groups holding over $1.65 billion in Credit Suisse bonds have sued Switzerland's finance watchdog, law firm Pallas Partners said Tuesday, part of a broader attack on the decision to write down their investments during the takeover by UBS of its failing rival.