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Morrisons agreed deal with Fortress on Saturday Fortress offer topped CD&R proposal Morrisons shares up 11.4% LONDON, July 5 (Reuters) - The $8.7 billion bid battle for Britain s fourth largest supermarket group Morrisons ratcheted up on Monday when a third private equity group, Apollo Global Management, entered the fray. U.S. group Apollo, which last year missed out on buying Asda, the No. 3 grocery player in the United Kingdom, said it was in the preliminary stages of evaluating a possible offer for Morrisons but had not approached its board. On Saturday Morrisons said the board, led by Chairman Andrew Higginson, had recommended a takeover led by SoftBank ....
British Cyber Security Company Darktrace Plans $4 Billion London Listing insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
British cyber security firm Darktrace targets $4 billion London listing reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
4 Min Read LONDON (Reuters) -Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4 billion London listing on Monday, aiming to raise new funds to accelerate product development and strengthen its balance sheet. The technology company, founded in 2013 in the university city of Cambridge, uses AI to understand IT networks and detect attacks by identifying unusual behaviour. “We are in a new era of attacks.it’s going to be these little pieces of code fighting it out in the background of our businesses,” said Chief Executive Poppy Gustafsson in an interview with Reuters, calling the planned listing a major milestone for the company. ....