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Last Trade - 13/05/21

Sector
Technology
Size
Large Cap
Market Cap £5.94bn
Enterprise Value £6.76bn
Revenue £17.17bn
Position in Universe 1021st / 6856

EU mergers and takeovers (May 19)

Tue 19th May, 2015 12:40pm
BRUSSELS, May 19 (Reuters) - The following are mergers under 
review by the European Commission and a brief guide to the EU 
merger process: 
     
    APPROVALS AND WITHDRAWALS 
    -- French telecoms operator Orange  ORAN.PA  to acquire 
Spanish provider Jazztel  JAZ.MC  (approved May 19) 
    -- Spanish bank Banco Sabadell  SABE.MC  to acquire British 
peer TSB  TSB.L  (approved May 18) 
    -- Private equity firm 3i Group  III.L  and German fuel 
storage services provider Oiltanking GmbH to jointly acquire 
Oiltanking Ghent and Oiltanking Terneuzen which are now solely 
controlled by Oiltanking GmbH (approved May 13) 
                 
    NEW LISTINGS 
    -- U.S. private equity firm Lindsay Goldberg to acquire 
German metal producer VDM Metals group (notified May 18/deadline 
June 23/simplified) 
    -- German car parts maker Mahle Behr to acquire U.S. car 
parts maker Delphi's  DLPH.N  Thermal Systems unit (notified May 
18/deadline June 23) 
    -- Singapore's Flextronics  FLEX.O  to acquire French 
telecoms company Alcatel-Lucent's  ALUA.PA  Italian assets 
(notified May 13/deadline June 22/simplified) 
    -- U.S. telecoms equipment maker CommScope Holding Co Inc 
 COMM.O  to buy Swiss electronics firm TE Connectivity's network 
gear business BNS (notified May 13/deadline June 22) 
    -- German food group Dr Oetker to acquire German frozen cake 
copany Coppenrath & Wiese (notified March 20/deadline June 
19/simplified) 
    -- Finnish energy company Stl to acquire joint control of 
aviation Fuelling Service Norway AS, which is part of oil 
producer Royal Dutch Shell  RDSa.L  Keele Oy (notified May 
12/deadline June 19) 
     
                                                                 
    
    EXTENSIONS AND OTHER CHANGES 
    None 
                                          
    FIRST-STAGE REVIEWS BY DEADLINE  
         
    MAY 21 
    -- Heinz Herrman Thiele, the owner of Knorr Bremwse 
 STELLG.UL , to buy rail technology provider Vossloh  VOSG.DE , 
(notified April 9/deadline May 21) 
     
    MAY 22 
    -- Luxembourg's Griffin Real Estate and U.S. investment fund 
Pimco plan to raise their stake in Polish business space 
developer Echo Investment  ECH.WA  to 66 percent (notified April 
14/deadline May 22/simplified) 
     
    MAY 26 
    -- DS Smith Plc  SMDS.L , a British maker of corrugated 
cardboard, recycled paper and plastic packaging, to buy 
Vienna-based packaging business Duropack (notified April 
15/deadline May 26) 
         
    MAY 28 
    -- U.S. flooring products maker Mohawk Industries  MHK.N  to 
buy Luxembourg-based International Flooring Systems (notified 
March 2/deadline May 28) 
             
    JUNE 1 
    -- German drugs and chemicals maker Merck KGaA  MRCG.DE  to 
acquire U.S. peer Sigma-Aldrich  SIAL.O  (notified April 
21/deadline June 1) 
             
    JUNE 2 
    -- Private equity firm KKR  KKR.N  to acquire negative 
control rights in online fantasy sports services FanDuel Ltd, 
which is jointly owned by Comcast  CMCSA.O , Pentech Fund II Ltd 
Partnership, Piton Capital Venture Fund, Scottish Enterprise and 
Shamrock Capital Growth Fund (notified April 22/deadline June 
2/simplified) 
     
    JUNE 3 
    -- Deprez Holding to acquire a controlling stake in food 
processor Greenyard Foods which is now jointly controlled by 
food and vegetable supplier Univeg Holding BV and horticulture 
producer Peatinvest NV (notified April 23/deadline June 
3/simplified) 
     
    JUNE 4 
    -- Bermuda-based reinsurer ParterRe Ltd  PRE.N  and Axis 
Capital Holdings Ltd to merge (notified April 24/deadline June 
4/simplified) 
     
    JUNE 5 
    -- Investment funds Equistone Partners Europe to acquire 
storage solutions maker Groupe Averys (notified April 
27/deadline June 5/simplified) 
     
    JUNE 8 
    -- Private equity firm Advent International to acquire 
Austrian bank Hypo Group Alpe Adria AG (HGAA) (notified April 
28/deadline June 8/simplified)  
     
    JUNE 9 
    -- Chemical holding company International Chemical Investors 
Group to buy Switzerland-based Ineos' chlorovinyls business 
(notified April 29/deadline June 9) 
    -- Private equity firms IDeA Capital Funds SGR S.p.A, IP 
Investimenti e Partecipazioni S.r.l. and Hunt Capital S.A. to 
jointly acquire orthopaedic products maker Corin Group PLC 
(notified April 29/deadline June 9/simplified) 
     
    JUNE 10 
    -- Singapore-based commodities firm Olam International Ltd 
 OLAM.SI  to aquire Archer Daniels Midland Co's  ADM.N  cocoa 
business (notified April 30/deadline June 10) 
     
    JUNE 11 
    -- U.S. metals company Alcoa  AA.N  to acquire U.S. titanium 
supplier RTI International Metals  RTI.N  (notified May 
4/deadline June 11) 
    -- U.S. packaging company Plastipak  PLAST.UL  to acquire 
Spanish peer Appe Packaging Inc(notified May 4/deadline June 11) 
           
     
    JUNE 16 
    -- Steel producers Feralpi Siderurgica and Duferco, which is 
part of Swiss-based Duferco International Trading Holding, to 
acquire Italian peer Lucchini SpA Servola SpA (notified May 
7/deadline June 16/simplified) 
     
    JUNE 18 
    -- Canada Life Group UK Ltd, which is a unit of Great-West 
Lifeco Inc  GWO.TO , to acquire Irish insurer Legal & General 
International (Ireland) Ltd, which is a unit of British insurer 
Legal & General Group  LGEN.L  (notified May 11/deadline June 
18/simplified) 
     
    JUNE 26 
    -- PRS for Music Ltd (PRSfM), Foreningen Svenska Tonsattares 
Internationella Mysikbyra (Stim) and Gesellschaft für 
musikalische Aufführungs- und mechanische 
Vervielfältigungsrechte (Gema) to set up a joint venture to 
administer mechanical and performing rights (notified Nov. 
28/deadline June 26/companies offer commitments on March 13)  
         
    JULY 24 
     -- German conglomerate Siemens  SIEGn.DE  to purchase U.S. 
oilfield equipment maker Dresser-Rand Group Inc  DRC.N  
(notified Jan. 9/deadline July 24) 
             
    AUG 6 
    -- Commodities trader Cargill  CARG.UL  to buy rival Archer 
Daniels Midland Co's  ADM.N  global chocolate business (notified 
Jan. 19/deadline extended for the second time to Aug. 6 from 
July 23 after the companies asked for more time) 
     
    AUG 21 
    -- U.S. conglomerate General Electric  GE.N  to acquire most 
of French engineering group Alstom's  ALSO.PA  power equipment 
business (notified Jan. 19/deadline extended for the third time 
to Aug. 21 from Aug. 6) 
         
    SEPT 2 
    -- Norwegian telecoms company Telenor  TEL.OL  and Swedish 
peer TeliaSonera  TLSN.ST  to combine their Danish mobile 
businesses (notified Feb. 27/deadline extended to Sept. 2 from 
Aug. 19 after the companies asked for more time) 
         
    SUSPENDED 
    -- SOCAR, Azerbaijan's state energy company, to buy stakes 
in Greek natural gas grid operator DESFA from Greek natural gas 
utility DEPA (notified Oct. 1/deadline suspended on Jan. 21) 
                
    GUIDE TO EU MERGER PROCESS 
     
    DEADLINES: 
    The European Commission has 25 working days after a deal is  
filed for a first-stage review. It may extend that by 10 working 
days to 35 working days, to consider either a company's proposed 
remedies or an EU member state's request to handle the case. 
    Most mergers win approval but occasionally the Commission  
opens a detailed second-stage investigation for up to 90  
additional working days, which it may extend to 105 working  
days. 
     
    SIMPLIFIED: 
    Under the simplified procedure, the Commission announces the 
clearance of uncontroversial first-stage mergers without giving 
any reason for its decision. Cases may be reclassified as 
non-simplified - that is, ordi
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