Deal roundup: activist pushes Rightmove sale, US sues to block Cencora unit sale

what happened

Sachem Head, an activist fund, is pushing the British property portal Rightmove to weigh a sale and open talks with potential buyers. Four people familiar with the matter told Reuters, which has revived takeover speculation, even though Rightmove's board turned down a bidder two years ago.

US antitrust authorities have asked a federal judge in New York to stop Cencora from selling its MWI Animal Health division to Covetrus for $3.5 billion. The agency contends the transaction would drive up expenses for veterinary clinics and pet owners.

Brookfield and CPPIB form part of a consortium that has reached the next round for Uniper, the German state-owned energy group, according to three people involved in the sale. Separately, unitholders of Canada's H&R REIT rejected a previously announced breakup transaction valued at C$6.7 billion ($4.7 billion). Berlin reportedly intends to buy the one-third holding that RWE and E.ON hold together in Urenco, the London-based nuclear fuel firm, per two German newspapers.

why it matters

For markets, these threads are mostly deal-specific, but together they show regulators still scrutinizing consolidation and governments stepping into energy assets. The Uniper sale process and a possible state purchase of the Urenco stake matter for European utilities, while the H&R vote leaves its breakup in doubt.

market impact

Rightmove, Uniper, Cencora: deal news and legal challenges shape valuations and buyer interest

tags

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