Oil and gas engineering consultancy John Wood Group said on Friday it has rejected a third takeover offer of £1.5 billion ($1.9 billion) from Sidara after concluding the sweetened bid "significantly undervalues" its business.
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John Wood Rebuffs £1.5B Takeover Bid Despite Sweetener

By Irene Madongo

Oil and gas engineering consultancy John Wood Group said on Friday it has rejected a third takeover offer of £1.5 billion ($1.9 billion) from Sidara after concluding the sweetened bid "significantly undervalues" its business.

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Addleshaw Guides Coventry's £780M Co-op Bank Deal

By Najiyya Budaly

Coventry Building Society has formalized plans to buy the Co-operative Bank for £780 million ($990 million), the lenders said in a joint statement Friday, a move they claim will create an institution better equipped to challenge larger high street names.

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CMA To Probe $295M Roche Diagnostics Deal

By Dawood Fakhir

Britain's antitrust regulator said Friday that it has decided to launch a probe into Swiss drugmaker Roche's proposed $295 million purchase of parts of diagnostic company LumiraDx days after inviting public feedback to assess if the deal could harm competition.

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The UK Laws That Will Pass Or Fail As Election Looms

By Law360 Staff

Prime Minister Rishi Sunak's decision to call an early general election to be held on July 4 has left several pieces of legislation hanging in the balance during the so-called "wash-up" period before Parliament is formally dissolved, while others have been pushed through. 

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Investor CriteriaCaixa Buys Construction Biz Stake For €983M

By Irene Madongo

Spanish investor CriteriaCaixa said on Friday that it has purchased a 9.4% stake in construction and infrastructure firm ACS for €983 million ($1.1 billion), boosting its portfolio of investments.

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Viavi's £1B Offer For London-Listed Spirent Lapses

By Dawood Fakhir

Communications group Viavi said Friday that it is terminating its approximately £1 billion ($1.27 billion) offer that it made in March for telecom testing specialist Spirent after it let the offer period lapse this week by accepting a rival bid.

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UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen an IT engineer seek permission to search a landfill hiding a hard drive supposedly storing millions of pounds in bitcoin, Glencore take on legal action by American Century Investments, gold payment app Glint bring a breach of duty claim against FRP Advisory, and an ongoing dispute between a solicitor and the Solicitors Regulation Authority. Here, Law360 looks at these and other new claims in the U.K.

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How Gov't Response Addresses Investment Act Concerns

The government’s recently published response to a call for evidence on the National Security and Investment Act is largely appropriate to stakeholder concerns raised and demonstrates in its five areas of focus that it is willing to respond to live issues, say lawyers at Watson Farley.

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