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Royal Liver in takeover talks with largest UK insurer

By JMW @ Feb 23, 2010 in Corporate & Commercial

Struggling with losses brought on by the recession, Liverpool insurer Royal Liver is in takeover talks with larger rival Royal London, which bought Wilmslow-based Refuge Assurance in 2000. This is the second time in less than three years that the Merseyside business, based in the iconic...

£410m corporate finance package for Manchester healthcare products company

By JMW @ Jan 25, 2010 in Corporate & Commercial

Consumer healthcare products company SSL International plc, which has its operational headquarters in Manchester and a distribution centre at Middleton, has announced a £410m corporate finance package which will allow it to expand and make further acquisitions. SSL, whose brands include...

Bid 'Em Up Bruce, giant of mergers and acquisitions world, mourned

By JMW @ Oct 16, 2009 in Corporate & Commercial

Described as a ‘true giant in the mergers and acquisitions world', share traders and financial advisers on both sides of the Atlantic mourned the death of Bruce Wasserstein in New York on October 14. He was 61 and suffering from heart problems. Chief executive of Lazard, the larger-than-life...

Law firms in merger talks - Lovells, Hogan & Hartson

By JMW @ Oct 9, 2009 in Corporate & Commercial

Merger talks revealed today between law firms Lovells in the UK and Hogan & Hartson in the US could lead to a spate of further legal tie-ups in the sector. The City's sixth biggest law firm, Lovells, is in merger talks with 22nd largest US law firm. A spokesperson for Lovells said about the...

Manchester lighting distributor in merger with rival

By JMW @ Oct 9, 2009 in

A Manchester-based domestic lighting distributor has joined forces with a former competitor in a merger to become the second largest company in its field with a turnover of more than £35m. Trident, of Salford, and Ring Lighting, of Leeds, will merge to become Associated Lighting Group...

Glass (and a ) half full for UK mergers and acquisition lawyers

By JMW @ Sep 16, 2009 in Corporate & Commercial

Kraft's £10.6 billion bid last week for UK chocolate manufacturer Cadbury is being hailed as a sign of a recovery in the post-Lehman mergers and acquisition ("M&A") market. Following a dearth of deals in the M&A market since the start of the credit crunch, Kraft's bid is the...

Manchester based Co-op to merge with Britannia Building Society

By JMW @ Dec 29, 2008 in Corporate & Commercial

Manchester based Co-operative Financial Services has agreed to merge with the Britannia Building Society to create a new ‘super mutual'. The two companies have been in talks since September but the merger still requires the approval of Britannia members and the passing of a new law, known...