We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 234.40
Bid: 234.30
Ask: 234.50
Change: 1.60 (0.69%)
Spread: 0.20 (0.085%)
Open: 235.30
High: 236.30
Low: 234.20
Prev. Close: 232.80
LGEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU mergers and takeovers (June 8)

Mon, 08th Jun 2015 14:47

BRUSSELS, June 8 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Steel producers Feralpi Siderurgica and Duferco, which ispart of Swiss-based Duferco International Trading Holding, toacquire Italian peer Lucchini SpA Servola SpA (approved June 8)

-- Canada Life Group UK Ltd, which is a unit of Great-WestLifeco Inc, to acquire Irish insurer Legal & GeneralInternational (Ireland) Ltd, which is a unit of British insurerLegal & General Group (approved June 5)

NEW LISTINGS

-- U.S. trading group Castleton Commodities International toacquire Morgan Stanley's physical oil business (notifiedJune 5/deadline July 10/simplified)

-- Private equity firm Pamplona Capital Management to buypet food supplier Partner in Pet Food Holdings (notified June3/deadline July 8/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JUNE 9

-- Chemical holding company International Chemical InvestorsGroup to buy Switzerland-based Ineos' chlorovinyls business(notified April 29/deadline June 9)

JUNE 10

-- Singapore-based commodities firm Olam International Ltd to aquire Archer Daniels Midland Co's cocoabusiness (notified April 30/deadline June 10)

JUNE 11

-- U.S. flooring products maker Mohawk Industries tobuy Luxembourg-based International Flooring Systems (notifiedMarch 2/deadline extended to June 11 from May 28 after thecompanies offered concessions)

-- U.S. metals company Alcoa to acquire U.S. titaniumsupplier RTI International Metals (notified May4/deadline June 11)

-- U.S. packaging company Plastipak to acquireSpanish peer Appe Packaging Inc(notified May 4/deadline June 11)

JUNE 15

-- German drugs and chemicals maker Merck KGaA toacquire U.S. peer Sigma-Aldrich (notified April21/deadline extended to June 15 from June 1 after Merck offeredconcessions)

JUNE 19

-- Finnish energy company Stl to acquire joint control ofaviation Fuelling Service Norway AS, which is part of oilproducer Royal Dutch Shell Keele Oy (notified May12/deadline June 19)

JUNE 22

-- Singapore's Flextronics to acquire Frenchtelecoms company Alcatel-Lucent's Italian assets(notified May 13/deadline June 22/simplified)

-- U.S. telecoms equipment maker CommScope Holding Co Inc to buy Swiss electronics firm TE Connectivity's networkgear business BNS (notified May 13/deadline June 22)

JUNE 23

-- U.S. private equity firm Lindsay Goldberg to acquireGerman metal producer VDM Metals group (notified May 18/deadlineJune 23/simplified)

-- German car parts maker Mahle Behr to acquire U.S. carparts maker Delphi's Thermal Systems unit (notified May18/deadline June 23)

JUNE 24

-- Public Sector Pension Investment Board and OntarioTeachers' Pension Plan Board to jointly acquire Tonopah SolarEnergy Holdings (notified May 19/deadline June 24/simplified)

JUNE 26

-- Private equity firm Permira and investment fund CanadaPension Plan Investment Board to jointly acquire U.S. softwarecompany Informatica (notified May 21/deadline June26/simplified)

-- DCC Holding A/S, which is a subsidiary of Irish companyDCC Plc, and DLG Service A/S, which is unit of Danishcooperative DLG Group, to combine their Danish energy businesses(notified May 21/deadline June 26)

-- PRS for Music Ltd (PRSfM), Foreningen Svenska TonsattaresInternationella Mysikbyra (Stim) and Gesellschaft fürmusikalische Aufführungs- und mechanischeVervielfältigungsrechte (Gema) to set up a joint venture toadminister mechanical and performing rights (notified Nov.28/deadline June 26/companies offer commitments on March 13)

JUNE 29

-- French shipping company CMA CGM to acquireOldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG,which is a unit of the Bernhard Schulte GmbH & Co KG (notifiedMay 22/deadline June 29)

-- French investment fund LBO France to acquire control ofclothing retailer IKKS (notified May 22/deadline June29/simplified)

-- Canada Pension Plan Investment Board to acquire jointcontrol of British port operator ABP together withinfrastructure investor Borealis and Singapore state-ownedinvestment vehicle GIC Pte Ltd (notified May 22/deadline June29/simplified)

JUNE 30

-- U.S. investment firm Centerbridge Partners L.P. toacquire Italian lender Banca FarmaFactoring S.p.A (notified May26/deadline June 30/simplified)

JULY 1

-- British Airways-owner IAG's to acquire a25-percent stake in Irish airline Aer Lingus (notifiedMay 27/deadline July 1)

-- China National Chemical Corp to acquire Italian tyremaker Pirelli (notified May 27/deadlineJuly 1)

JULY 2

-- British meat producer Dawn Meats to acquire a 49 percentstake in French meat producer Elivia which is only wholly ownedby agricultural cooperative Terrena (notified May 28/deadlineJuly 2/simplified)

JULY 8

-- U.S. investment company OpenGate Capital Group Europe toacquire chemicals producer Kem One Innovative Vinyls (notifiedJune 3/deadline July 8)

-- Meat products group Danish Crown to acquire Danish peerTican (notified June 3/deadline July 8)

JULY 24

-- German conglomerate Siemens to purchase U.S.oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline July 24)

AUG 6

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline Aug. 6/Cargill offers concessions on May 22)

AUG 21

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for the third timeto Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline extended to Sept. 2 fromAug. 19 after the companies asked for more time)

SUSPENDED

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility 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 workingdays to 35 working days, to consider either a company's proposedremedies 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 theclearance of uncontroversial first-stage mergers without givingany reason for its decision. Cases may be reclassified asnon-simplified - that is, ordinary first-stage reviews - untilthey are approved. (Compiled by Foo Yun Chee)

More News
30 Jan 2023 08:57

LONDON MARKET OPEN: 888 boss leaves, Middle East activities suspended

(Alliance News) - Stock prices in London opened lower on Monday morning, amid market caution at the start of an important week for interest rate decisions by the world's top central banks.

Read more
30 Jan 2023 08:28

TOP NEWS: Legal & General Wilson to retire as CEO after over 10 years

(Alliance News) - Legal & General Group PLC on Monday said Chief Executive Nigel Wilson plans to step down, after more than a decade in post.

Read more
30 Jan 2023 08:06

L&G chief executive Nigel Wilson to retire

(Sharecast News) - Legal & General said on Monday that Sir Nigel Wilson is planning to retire after more than a decade as chief executive.

Read more
30 Jan 2023 07:55

LONDON BRIEFING: Unilever hires dairyman as CEO; Wilson to depart L&G

(Alliance News) - Stocks in London are set to open lower on Monday, as investors look ahead to three key interest-rate decisions this week.

Read more
24 Jan 2023 11:45

JPMorgan-backed Smart Pension to raise more than 100 mln stg in equity -sources

LONDON, Jan 24 (Reuters) - Smart Pension, a British pension services provider backed by JPMorgan and Legal & General, is in discussions with investors to raise more than 100 million pounds ($123.13 million) worth of equity capital, two sources close to the matter told Reuters.

Read more
23 Jan 2023 10:37

Glass Lewis recommends vote against Capricorn board, NewMed merger

Big question mark over Capricorn's planned merger with NewMed

*

Read more
23 Jan 2023 09:20

Legal & General Chair John Kingman to become chair of Barclays Bank UK

(Alliance News) - Barclays PLC and Legal & General Group PLC on Monday said L&G Chair John Kingman will join the board of Barclays as a non-executive director on June 1 and will become the next chair of Barclays Bank UK PLC.

Read more
16 Jan 2023 15:48

L&G plans to vote against Capricorn leadership and NewMed merger

LONDON, Jan 16 (Reuters) - Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn's senior leadership and halt its planned merger with NewMed, according to a company document seen by Reuters.

Read more
10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
6 Dec 2022 10:26

LONDON BROKER RATINGS: JPMorgan cuts Lloyds but raises Barclays

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
23 Nov 2022 13:32

Investors back call for UK firms to support low-paid workers

Aviva Investors, LGIM among those to join campaign

*

Read more
21 Nov 2022 10:09

LONDON BROKER RATINGS: Panmure and Goldman Sachs cut boohoo from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Nov 2022 16:58

LONDON MARKET CLOSE: FTSE 100 gains capped by falling oil prices

(Alliance News) - Stock prices in London closed higher on Friday, but falling prices hit oil majors, keeping a lid on the FTSE 100's progress.

Read more
18 Nov 2022 12:18

LONDON MARKET MIDDAY: Stocks pick up and pound firms against dollar

(Alliance News) - Stocks in London were higher by midday on Friday, managing to shake off a gloomy economic backdrop, while the pound got a boost from market acceptance of Thursday's UK government budget.

Read more
18 Nov 2022 09:09

LONDON MARKET OPEN: FTSE 100 looks to end week on high note

(Alliance News) - Stock prices in London opened mixed on Friday, amid economic gloom in the UK, despite new data showing slight improvements in retail sales and consumer confidence.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.