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TOP NEWS
Latham, Cederquist Guide NOBA Bank's $3.7B Swedish IPO
By Najiyya Budaly
Swedish lender NOBA Bank said Thursday that it plans to re-list on the Stockholm stock exchange in a flotation that it expects to value the company at 35 Swedish kronor ($3.7 billion)
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Skadden Steers Legal Researcher In £43M Buy Of The Lawyer
By Najiyya Budaly
Researcher Legal Benchmarking Group will buy The Lawyer for £43 million ($58 million) from media group Centaur, the companies said Thursday.
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HCR-Led Tavistock Buys Financial Adviser For Up To £10M
By Tom Fish
Tavistock said Thursday that it has acquired a controlling stake in Lifetime Financial Management Intermediaries Ltd., a financial advisory company, for up to £9.9 million ($13.4 million), in a move to expand its consultancy services.
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CAPITAL MARKETS
BlackRock, Pictet Back Swiss Marketplace's $1.3B IPO
By Dawood Fakhir
Online marketplace owner SMG said on Thursday that it expects to raise up to approximately 1.04 billion Swiss francs ($1.3 billion) in its initial public offering scheduled to take place on the SIX Swiss Exchange on Sept. 19.
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Trainline Plans £150M Buyback After Robust Results
By Dawood Fakhir
Online rail ticketing platform Trainline PLC said Thursday that it will buy £150 million ($203.4 million) worth of its shares in the next 12 months as it announced "robust performance" between the first half of the year.
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DEALS
Iberdrola Boosts Neoenergia Stake With $2.2B Deal
By Al Barbarino
Spanish utility Iberdrola SA said Thursday it has agreed to acquire a 30.29% stake in Brazil's Neoenergia from Caixa de Previdência dos Funcionários do Banco do Brasil, or PREVI, building up its majority stake in the business.
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Deals Rumor Mill
AI, Tech and More Sectors Drive $4B-$7B Deal Rumors
By Al Barbarino
Valuations in the $4 billion to $7 billion range emerged as the sweet spot in this week's deal rumors, with companies across artificial technology, tech and other sectors reportedly nearing stake sales, divestitures and initial public offerings.
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NEWS IN BRIEF
Brief
Norton Rose Advises Property Investor On £12.5M Buyback
By Irene Madongo
Picton Property Income Ltd. said Thursday that it will return up to £12.5 million (£16.9 million) to investors to create "value for shareholders."
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Brief
Marketing Biz Snaps Up Brand Consultancy For Up To £12M
By Irene Madongo
Brave Bison Group PLC said Thursday that it has bought brand advisory business MTM London Ltd. for up to £12 million ($16 million) in a cash and shares transaction which the marketing and technology business believes will boost its revenue.
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Brief
Fire Safety Biz Enters Non-Binding Deal For Insulation Firm
By Irene Madongo
Fire safety company Zenova Group PLC said on Thursday that it has entered a non-binding potential deal to acquire insulation firm Restoreo, to enlarge its business and drive international growth.
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