Power supplies maker XP Power on Tuesday rejected the latest approximately £571 million ($726 million) unsolicited approach made by Advanced Energy Industries Inc., confirming that it had received "a series of highly conditional, opportunistic, indicative proposals" from the U.S. company.
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TOP NEWS

Power Supplies Maker Rejects US Rival's £571M Approach

By Dawood Fakhir

Power supplies maker XP Power on Tuesday rejected the latest approximately £571 million ($726 million) unsolicited approach made by Advanced Energy Industries Inc., confirming that it had received "a series of highly conditional, opportunistic, indicative proposals" from the U.S. company.

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Freshfields Helps Warburg Pincus Buy Insurance Intermediary

By Najiyya Budaly

Private equity giant Warburg Pincus and Temasek of Singapore will buy Specialist Risk Group, a London-headquartered company that has brokered more than £1 billion ($1.3 billion) worth of insurance risk, the companies said on Tuesday.

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Denmark's Sydbank To Acquire Local Coop Bank For $50M

By Dawood Fakhir

Danish lender Sydbank said Tuesday that it has agreed to acquire the country's Coop Bank AS from its parent company for a preliminary purchase price of 345 million Danish kroner ($50.2 million), in addition to signing a partnership agreement.

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DEALS

Investor Launches Property JV With USS Pension Scheme

By Tom Fish

Real estate investor Assura PLC said on Tuesday it has agreed to a £250 million ($318 million) joint venture with the U.K.'s largest private pension scheme to support investment in National Health Service buildings for community care services.

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CAPITAL MARKETS

Ryanair Launches €700M Buyback, Profits Soar 34%

By Tom Fish

Ryanair Holdings PLC said on Tuesday that it is rewarding investors with a share buyback program worth up to €700 million ($761 million) as it reported a massive rise in profits.

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Sandwich Maker Greencore Rolls Out £30M Share Buyback

By Irene Madongo

Greencore Group PLC on Tuesday began an up to £30 million ($38 million) share repurchase program, the first chunk of the food-to-go firm's new buyback scheme aimed at rewarding investors following an uptick in earnings.

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LAW FIRMS IN TODAY'S NEWS

Eversheds Sutherland

Freshfields

Kirkland & Ellis

COMPANIES IN TODAY'S NEWS

Advanced Energy Industries Inc.

Citigroup Inc.

Euronext Amsterdam NV

Evercore Inc.

Greencore Group PLC

Huntsman Gay Global Capital LLC

Lazard Ltd.

London Stock Exchange Group PLC

NASDAQ Inc.

Rothschild & Co. SCA

Ryanair Holdings PLC

Temasek Holdings Pte. Ltd.

Universities Superannuation Scheme Ltd.

Warburg Pincus LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Union

National Health Service