- On Thursday last week Eiffarie, which is co-owned by Macquarie and Eiffage, announced it had agreed to acquire from minority investors 13.73% of the shares in Autoroutes Paris-Rhin-Rhone. Eiffarie will then make an offer the remaining 4.79% shares not held in the target company at EUR 54.16 per share, once it has secured clearance from AMF the French regulator.
- Arriva shareholders last week approved the offer for the company by Deutsche Bahn, as announced by the bidder on Friday.
- Monday saw the announcement of two Norwegian deals. Acergy and Subsea have agreed to combine in the process of which Subsea 7 shareholders receive 1.065 Acergy common shares for every Subsea 7 common share. BW Offshore announced a voluntary offer to acquire all shares outstanding in Prosafe Production. The shareholders of Prosafe will be offered 1.2 BWO shares and NOK 5.25 in cash per share owned.
- On Wednesday Cape Plc announced talks with a third party had been terminated. The company previously responded to a share price rise on Thursday 17 June by announcing it had been approached with a preliminary takeover bid.
- Enia and Irida this morning obtained Consob approval to publish the prospectus for the listing of the new merged company, to be named IREN S.p.A. The company will be established by 1 July and admitted to the Italian stock exchange. Enia’s last day of trading will be 30 June, before its listing is cancelled. On Tuesday the companies said they had completed their second and final registration with the Turin register of Companies.
- Also this morning Resolution announced the terms of its right issue to raise capital for the acquisition of the AXA UK Life business, as well as further terms of the deal. The Rights issue will be launched at GBP1.50 per new share with a ratio of 17 new ordinary shares for each 30 existing ordinary share
