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UK gets in on global M&A surge

UK gets in on global M&A surge (FILES) In this file photo taken on December 17, 2016 the G4S logo is seen on a sign at the entrance to HMP Birmingham in Winson Green, Birmingham, central England on December 17, 2016. - Bosses at British security giant G4S, which guards sites including prisons, offices and Covid test-centres, on December 9, 2020 backed a 3.8-billion takeover from US rival Allied Universal that trumps a bid from Canada s GardaWorld. (Photo by OLI SCARFF / AFP) (AFP)Premium Ben Dummett Share Via The U.K. is finally joining the global resurgence in mergers and acquisitions. Pinned down by a brutal Covid-19 outbreak and the worst economic contraction in 300 years, U.K. merger activity slumped in the early summer from the year-earlier period as part of a broader decline amid virus-induced lockdowns. In Britain’s case, uncertainty over the outcome of the country’s complicated divorce from the European Union extended that weakness into early fall.

Blackstone, Bill Gates Cascade Agree To Pursue Joint Offer For Signature Aviation

Blackstone, Bill Gates Cascade Agree To Pursue Joint Offer For Signature Aviation NEW YORK CITY (dpa-AFX) - Blackstone and Bill Gates Cascade Investment are in advanced discussions with Signature Aviation plc. (SIG.L) in respect of the joint offer proposal, which would involve a cash offer of $5.17 per share, Blackstone said in a statement. Blackstone said Signature has confirmed that it supports the joint offer or status of Blackstone and Cascade. In connection with the joint offer proposal, Blackstone and Cascade have entered into an exclusivity arrangement under which Cascade has agreed to work exclusively with Blackstone to pursue the Joint offer proposal and not to work with any other possible offeror with respect to a joint offer for the company or an offer whereby Cascade would receive any form of equity consideration.

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