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After several weeks of speculation, it has been announced that global lab testing specialist Exova has accepted an all-cash takeover from its industry rival Element Materials Technology Group. The deal, worth a reported £620 million, will see Element pay £2.40 per share to all investors in Exova. This represents a 10.7 per cent premium to the stock’s closing price on March 24 before Exova entered into discussions with potential buyers. It was… Read More
In a deal that could fetch up to $3bn, McDonald’s China is set to be purchased by Citic Group Corp, the Chinese conglomerate, coupled with a US-based private equity group Carlyle. The announcement follows a mixed 2016 for the China franchise of the world’s largest fast-food chain, after struggling to attract investors when it announced it was offloading its Chinese locations in the first half of last year. The deal will see… Read More
Despite major political disruption from events such as Britain leaving the EU and the election of a new president of the United States, 2016 is gearing up to be the biggest year for M&A deal announcements since 2007. According to the Intralinks Deal Flow Predictor, which has a proven track record for accuracy, there will be a three per cent increase in the total number of M&A deals to be announced globally… Read More