mergers

The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.

What's in a name?

Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.

Balfour Beatty has rejected a third, £2bn takeover offer from rival construction firm Carillion, sending its shares down sharply.

Legg Mason has announced it intends to buy Martin Currie in the last quarter of the year for an undisclosed sum.

Tobacco stocks pushed the FTSE 100 higher at open today after details of a mega-merger between two of the largest US tobacco companies reached final stages.

Henderson global Investors has agreed a deal to buy US fund manager Geneva Capital Management in a deal worth up to $200m (£117m).

Ignis Asset Management chief executive Chris Samuel is to exit the business next week when the takeover by Standard Life Investments completes, Investment Week understands.

UK pharmaceutical group Shire saw shares jump 10% by mid-morning, after it revealed it rejected a £27bn bid approach from a US group.

Apple has acquired headphone manufacturer Beats Electronics - the company part-owned by hip hop mogul Dr. Dre - for $3bn, after carrying out its largest ever acquisition.