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TOP NEWS
By Tom Fish
British thread maker Coats has agreed to acquire OrthoLite, a U.S. shoe insole specialist, for an initial $770 million to bolster the British thread maker's growing footwear business.
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By Dawood Fakhir
Swiss medical devices maker Medartis said Thursday that it has agreed to acquire the remaining 53% stake in hand and wrist implants specialist KeriMedical for at least 99 million Swiss francs ($123 million) after the U.S. approved its touch prosthesis.
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By Najiyya Budaly
Swedish media group Viaplay said Thursday that it will buy a 50% stake in Allente from Norway's Telenor for 1.1 billion Swedish kronor ($113 million) to become the sole owner of the Scandinavian television provider.
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LITIGATION
By Sophia Dourou
Correction: An earlier version of the story misstated the nature of the panel's decision. That has now been corrected.
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DEALS
By Dawood Fakhir
Global podcast publisher Audioboom has agreed to acquire rival Adelicious, known for its Shagged Married Annoyed and Five Brilliant Things shows, for up to £10 million ($13.4 million) in cash and stock to create the second-largest podcast network in Britain.
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Brief
By Irene Madongo
SES SA said Thursday its deal worth an estimated $3.1 billion to buy rival satellite operator Intelsat Holdings has completed, guided by four law firms.
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CAPITAL MARKETS
By Tom Fish
AFC Energy PLC said Thursday it has conditionally raised £23 million ($31 million) through an "oversubscribed" placing of new shares in the U.K. alternative power provider to help fund the launch of its "disruptive" new hydrogen-producing product.
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Brief
By Irene Madongo
Avacta Group PLC said Thursday it has conditionally raised £3.25 million ($4.7 million) from long-term, high-net-worth investors to help settle a quarterly repayment of a bond.
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MERGER REVIEW
By Matthew Perlman
European enforcers have approved beverage producer and distributor Brasserie Nationale's planned purchase of a Luxembourg-based wholesaler, after the companies agreed to unload a portion of the business that sells to hotels, restaurants and cafes in the country.
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EXPERT ANALYSIS
The European Commission’s recent adoption of proposals to sign the European Union-U.K. competition agreement is a welcome first step toward better policy and enforcement convergence, providing a clearer legal framework for businesses to manage regulatory risk, says Charles Whiddington at Steptoe.
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