Leonardo purchases Italian ground vehicle maker Iveco Defense for almost $2B
The deal, which is expected to close by first quarter 2026, consolidates some of Italy’s defense sector, at a time when European defense spending is on the rise.
Mergers and Acquisitions
Union Pacific seeks to buy Norfolk Southern in $85bn merger deal
Deal would create first transcontinental US railroad worth more than $200bn and could trigger wave of mergersUnion Pacific is seeking to buy Norfolk Southern in a deal valued at $85bn in a merger that could trigger the final wave of railroad mergers ac…
US regulators approve $8.4bn Paramount-Skydance merger
FCC approval of deal comes after Paramount paid $16m to settle Trump lawsuit over 60 Minutes interviewThe Federal Communications Commission approved the merger between Paramount Global and Skydance Media on Thursday, clearing the way for an $8.4bn sale…
Ferrero Rocher owner to buy cereal giant WK Kellogg in $3.1bn deal
Deal brings legacy brands such as Nutella, Kinder, Tic Tac, Frosted Flakes, Froot Loops and Special K under one roofWK Kellogg on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1bn, as the cereal maker has been st…
Santander to buy TSB for £2.65bn amid fears of branch closures and job losses
Purchase would be third major ownership shake-up for high street lender in 12 yearsThe Spanish bank Santander is buying the British high street lender TSB for £2.65bn, raising fears of job cuts and branch closures across the combined group.The proposed…
Poundland sold for £1 with dozens of store closures expected
Buyer Gordon Brothers will invest up to £80m in discount retail chain to try to turn business aroundThe discount retail chain Poundland is expected to close dozens of its stores after it was sold to the investment company Gordon Brothers for £1.Poundla…
MPs call for inquiry into how RedBird Capital is funding £500m Telegraph deal
Exclusive: Cross-party group including peers warns of risk of ‘potential Chinese state influence’ in private equity firmA cross-party group of MPs and peers has called on ministers to investigate how a US private equity company is funding its £500m tak…
BT considers takeover move for struggling rival TalkTalk
TalkTalk has been hit by financial difficulties and customer exodus but it is thought no approach has been madeBT is weighing up a potential takeover of the rival telecoms and broadband company TalkTalk, which is struggling amid financial difficulties …
Competition watchdog to investigate Evri merger with DHL’s UK parcel arm
CMA to decide whether deal will substantially lessen competition in delivery marketThe UK’s competition watchdog has announced an investigation into the proposed merger of the delivery company Evri with DHL’s UK e-commerce business, a deal set to creat…
Consortium led by RedBird Capital agrees to buy Telegraph for £500m
Deal with US private equity firm will end two years of uncertainty over future of titlesA consortium led by the US private equity firm RedBird Capital has agreed to buy the Telegraph for £500m, bringing an end to two years of uncertainty over the futur…