mergers and acquisitions

  • Apollo Raises easyJet Takeover Bid to £5.7 Billion

    ByFegea

    U.S. private equity firm Apollo Global Management has submitted a £5.7 billion takeover offer for British low-cost airline easyJet, surpassing a previous £5.5 billion proposal from Castlelake. The new bid values easyJet shares at £7.15 each and includes an option allowing existing investors to retain a minority stake after the acquisition. easyJet’s board said it…

  • ABB to Acquire Rotork in $5.6 Billion Industrial Deal

    ByFegea

    Swiss engineering group ABB has agreed to acquire UK-based industrial equipment manufacturer Rotork in an all-cash deal valued at $5.6 billion (£4.1 billion), strengthening its automation and electrification business. Under the agreement, ABB will pay £5.03 per share, representing a significant premium over Rotork’s previous closing price. The acquisition is expected to boost ABB’s revenue…