Rosebank (ROSE LN) is said to be in talks to purchase CPM and MW Industries for as much as GBP 2.2bln, Sky News reports citing sources
Newsquawk Staff ·
Rosebank (ROSE LN) is said to be in talks to purchase CPM and MW Industries for as much as GBP 2.2bln, Sky News reports citing sources.
What it means
Rosebank's potential acquisition of CPM and MW Industries for GBP 2.2 billion highlights their strategy to expand through consolidation. Market reaction may hinge on perceived synergies and the deal's impact on Rosebank's financial health and competitive positioning. Furthermore, this could signal a broader trend of M&A activity within the sector, prompting peers to reassess their own strategies.
Sources
- UK Chancellor Healy confirms tax surcharge on banks will rise by 3ppts, will start in January and last for 15 months
- BP (BP/ LN) and Louisiana agreed to resolve remaining Deepwater Horizon economic damage claims, including a USD 350mln early lump-sum payment to the state
- UK PM Burnham's government reportedly looking at a smaller than expected cut in Britain’s target for EV sales, in a move that is likely to disappoint domestic carmakers, reports FT
- Shell (SHEL LN) agrees sale of French mobility unit to DCC Energy (DCC LN), according to Reuters, citing sources
- UK Culture Secretary Nandy is "minded" to intervene in the deal for Sky to acquire ITV's (ITV LN) media and entertainment units
Related headlines
- Ancora pushing Big Yellow Group (BYG LN) to explore a sale, according to reportsOct 13
- UK FCA says that the upper tribunal has confirmed it will hear the legal challenges to our motor finance compensation scheme between 16 to 26 February 2027Oct 13
- Asos (ASC LN) confirms no payment information was accessed in the security breachOct 08
- UK Labour Party shelves GBP 800mln of planned military housing repairs until at least 2029, The Times reportsOct 07
- Asos (ASC LN), on reports of a cyber incident, says they do not believe payment-card information or passwords were impactedOct 06
- Ares Management is reportedly the most likely Co. to acquire TalkTalk's consumer division, Sky News reports citing sourcesSep 29
- US Democrat Rep. Khanna is to introduce a bill to regulate artificial intelligence includes a ban on recursive technology according to CNBCSep 28
- Bridgepoint (BPT LN) and Astorg reportedly considering sale of Fenergo at GBP 2bln valuation or greaterSep 28
- Experian (EXPN LN) becomes first personal finance app integrated with Google (GOOGL) GeminiSep 23
- Daily US Equity Opening News - Chinese AI stocks fall amid probe; MSFT plans deeper Copilot discounts; BABA expands data centre capacity; QCOM unveils 2nm chip; Jana urges FUN to explore sale; KBH falls after weaker housing demand & ordersSep 23
- UK banks are reportedly lobbying for fintechs to held fund community banking hubs replacing branches, FT reports citing sourcesSep 22
- BP (BP/ LN) says it met with USW Local 7-1 reps; says company and the union still working on several key issuesSep 17
- "The prospect of a GBP 1bln bidding war for London-listed Gamma Communications (GAMA LN) is receding", Sky's Kleinman reportsSep 11
- IG Group (IGG LN) is cutting hundreds of jobs from its 2300 strong workforce, weeks after announcing the USD 1.3bln acquisition of Underdog, reports Sky NewsSep 09
- Bridgepoint (BPT LN) is working with bankers at Goldman Sachs on the sale of its stake in Itsu Group, Sky News reportsSep 09