3 stories from 2 sources
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A curated list of other prominent stories from this day.
Summary
Atlas Arteria urged shareholders to reject a revised, higher takeover proposal from IFM Investors. The board says the offer still materially undervalues the toll road operator.
Why it matters
The board’s rejection sets the next negotiating range and determines whether this turns into a higher-priced control deal or a failed bid with downside for holders.
Summary
Bridgepoint is exploring a sale of Danish counter-drone company MyDefence at an estimated valuation of about $1bn. The process is attracting interest from both buyout funds and defence contractors as demand for counter-UAV systems accelerates.
Why it matters
A $1bn outcome would reset valuations for counter-drone assets and signal that defence-driven demand is translating into premium M&A exits.
Summary
Foreign acquirers have driven UK deal value to its highest level in two decades. The value of UK targets bought by overseas buyers more than tripled versus the same period last year.
Why it matters
A sustained wave of inbound bids can reshape ownership of UK companies, reset valuations, and tighten the UK’s policy stance on foreign takeovers.
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