Here is a reason why it's now almost impossible to believe anything European companies say publicly these days.
After little old Betaville's UNCOOKED Alert this morning about the takeover rumours surrounding Banco de Sabadell SA a spokesperson for the company "denied" to Mark "The Kleinmanator" Kleinman that it was in sale/merger talks with BBVA...
It sounds like the bears haven't given up on Global Life, the US-listed insurer, despite the company's announcement of a $1.3 billion share buy back.
In case you don't recall, little old Betaville first alerted readers that bears were circling Global Life at the beginning of last month. Below is a link to that piece:
https://www.betaville.co.uk/news/bears-circle-global-life-inc/..
Rivals at Reuters have just published an "exclusive" about the Bentley Systems Inc takeover talks. Below is the link to the piece:
Little old Betaville didn't get much credit in today's British newspapers for smoking out the DS Smith takeover bid tale yesterday morning.
I guess this website will have to smoke out an even bigger takeover bid of a London-listed company to get noticed by chums and rivals on the British national newspapers...
Sometimes it takes a few hours and sometimes it takes a few weeks for little old Betaville's alerts to be confirmed.
With Redrow, though, it took two and a half years.
Loyal readers might recall that back in the summer 2021 little old Betaville published a RARE Alert about the takeover rumours surrounding FTSE 250-listed housebuilder Redrow, whose founder Steve Morgan is the largest shareholder...
I see arch rivals at Bloomberg have finally decided to follow up little old Betaville's recent UNCOOKED Alerts about OCI N.V., the Euronext-listed Dutch chemicals company.
Bloomie today reported that the Abu Dhabi National Oil Company is in talks with OCI about buying the whole business for $5 billion. Below is the link to the Bloomie tale:..
Arch rivals at Bloomberg have finally followed up little old Betaville's UNCOOKED Alert about the rumours surrounding Continental AG, the German car pars manufacturing giant.
Late yesterday Bloomberg reported that Continental AG is studying the sale of automotive assets including its autonomous mobility business. Below is a link to the Bloomberg piece:..
I must apologise - it would appear little old Betaville completely missed the fact that The Guardian also followed up last week's UNCOOKED Alert and were kind enough to give this website a mention.
Moreover, The Guardian seems to have spoken to its own proprietary sources and dug out an interesting line, which I have pasted below:
"A City source told the Guardian there had been some discussions with suitors."..
It took three stories but Euronav NV, the Belgian shipping company, finally confirmed little old Betaville's series of UNCOOKED alerts.
In case you don't recall, little old Betaville published its first UNCOOKED alert about the takeover rumours surrounding Euronav in June. Below are the links:
https://www.betaville.co.uk/betaville-intelligence/8ytoegep/..
Little old Betaville reads everyday in the newspaper business sections how there has been a drop off in dealmaking but it does seem to quite tally with whats happening on the ground in the London market.
Today, for example, Macquarie - the Australian infrastructure investor - has just announced it wants to buy London-listed waste management company Renewi for 775p a share. Below is a link to the press release:..