As Ackman hunts blockbuster deal, he counts on big backers

As Ackman hunts blockbuster deal, he counts on big backers

Investment veteran William Ackman has the support of some of Wall Street’s top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last few days. Among the heavy...
Croda to Buy Iberchem for $920 Million in Fragrance Expansion

Croda to Buy Iberchem for $920 Million in Fragrance Expansion

Croda International Plc agreed to buy Iberchem for 820 million euros ($920 million) as Europe’s largest cosmetic-ingredients maker expands into the hotly contested market of fragrances. The maker of sunblock chemicals and pharmaceutical additives plans to raise 600...
Santander wins bidding war for Wirecard’s core EU business

Santander wins bidding war for Wirecard’s core EU business

The remaining assets of Wirecard’s core European business have been sold off to Spanish lender Banco Santander, following an “intense investor process” during the insolvency proceedings of the collapsed fintech firm. Santander will acquire the assets of Wirecard’s...
Co-op Bank receives approach from private equity bidder

Co-op Bank receives approach from private equity bidder

The Co-operative Bank said it had received a takeover approach from an unidentified private equity bidder, the latest in a flurry of potential deals in the struggling European financial sector. The UK lender announced on Tuesday that it had received a non-binding...