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UK mergers at record high, IPOs at low as Brexit begins

  Bloomberg It’s 2012 again for companies in the UK. The first quarter of this year was the busiest for mergers by volume and the slowest for initial public offerings since the same period in 2012, when Greece’s debt crisis weighed on investors and boards. This time round the UK is the center of attention. British Prime Minister Theresa May ...

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Canada’s WSP Global mulls US acquisitions

  Bloomberg WSP Global Inc., the Canadian engineering firm helping to oversee the development of California’s $64 billion high-speed rail line, is looking for more US work through acquisitions. “If we find a transaction that makes sense, we will do it,” said Chief Executive Officer Alexandre L’Heureux. He is especially interested in deals that would bulk up the firm’s US ...

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UK to raise $14.7bn in Blackstone-Prudential deal

  Bloomberg The UK will raise 11.8 billion pounds ($14.7 billion) selling mortgages to Blackstone Group LP funds and Prudential Plc, as it takes another step toward clearing assets acquired from lenders that failed in the financial crisis. “This is a significant milestone,” Ian Hares, chief executive officer of UK Asset Resolution Ltd., the state agency that managed the sale, ...

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