JD Sports is to buy fellow retailer Footasylum in a deal valuing the company at more than £90 million.
The sportswear chain said it has agreed to pay 82.5p per share for the company, marking a 77.4 per cent increase on Footasylum's closing price of 46.5p last week.
It comes just a month after JD said it had no intention of making an offer despite acquiring a stake of 8.3% in the firm, which was later raised to more than 18%.
READ MORE: Record stores in Dundee and Edinburgh help music fan build successful business
Pentland, the majority shareholder of JD Sports, also has a 2.6% holding in Footasylum.
Worldpay is to be taken over by US firm Fidelity National Information Services (FIS) in a $43 billion (£32.4bn) deal.
The cash and shares tie-up will see Florida-based FIS, a financial services technology company, take control of 53 per cent of the combined group, with Worldpay's investors holding the remainder.
The combined company is expected to generate about $12.3bn (£9.2bn) in pro-forma revenue in 2018.
"Scale matters in our rapidly changing industry," said Gary Norcross, chairman and chief executive officer of FIS.:
READ MORE: Ivor Tiefenbrun: Brexit and the contemptible contemptuous elite
"Upon closing later this year, our two powerhouse organisations will combine forces to offer a customer-driven combination of scale, global presence and the industry's broadest range of global financial solutions."
Worldpay was previously owned by the Royal Bank of Scotland.
Serco has won a 115 million Australian dollar (£61.7m) contract to manage a prison in Adelaide.
The outsourcer obtained the seven-year contract, which can be extended by up to five years, from the South Australian Government.
The Adelaide Remand Centre accommodates up to 274 prisoners and will be upgraded as part of the contract to increase occupancy.
Serco's boss Rupert Soames said: "The contract expands what is traditionally undertaken in remand and focusses on providing a broad range of reintegration support services to all prisoners from the very start of the process."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article