The latest takeovers news, headlines and analysis from The NE Times.
The budget airline has rebuffed early-stage approach talk from the US investment firm, with a Takeover Code deadline of 26 June forcing Castlelake to bid or back off.
The agreed takeover of one of the City's grandest names by America's Nuveen has become the defining symbol of a 2026 bid frenzy, as overseas predators and private equity hunt out the UK's persistently undervalued listed companies.
The Swedish private equity group's indicative £60-a-share offer for the testing giant is the latest in a takeover wave that has put more than £22bn of UK companies in play this year.
Deal-making has surged past last year's total, with the value of announced UK transactions topping £39bn and overseas buyers circling household names.