I see Smiths Group has finally confirmed it is selling its medical division to TA Associates for almost £2 billion.
A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at firstname.lastname@example.org. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.
Betaville was just having a nosey about Shorttracker.co.uk and it would appear Ken Griffin's Citadel recently built up a sizeable short position in Meggitt.
According to Shorttracker, as of July 27th Citadel's short position in Meggitt was just over 1pc of the company but this morning Meggitt's shares are up around 60pc after agreening to a 800p a share offer from Parker-Hannifin Corporation. Ouch!..
Sanne finally confirmed this morning what loyal Betaville readers should have already read on this website - that it has received a counter offer.
The rival bid has come from Apex and pitched at 920p a share. Below is the link:..
So, Meggitt has decided to finally come clean, revealing it is recommending an 800p a share bid from Parker-Hannafin Corporation. Below is the link:
Oliver "Shahsy" Shah was talking up the prospect of a takeover bid for FTSE 100-listed BT Group takeover in his column in today's The Sunday Times business section. Below is the link:
REVEALED: WM Morrison bidder also in the frame to buy Keepmoat for up to £700 million from new Asda owner - sources - Part 2
Old Kleiny of Sky News has just delivered a follow up to yesterday's scoop on the Keepmoat deal.
Indeed, Mark appears to have rustled a couple of other names involved in the process. They are: Aermont Capital and Patron Capital, two less well known faceless private equity firms. Below is a link to the Kleinmanator's tale:..
REVEALED: WM Morrison bidder also in the frame to buy Keepmoat for up to £700 million from new Asda owner - sources
You would think bidding for supermarket giant WM Morrison would be enough to keep the uber Wall Street dealmakers at Apollo occupied for a few months.
But Betaville's moles have revealed that Apollo, set up by controversial American financier Leon Black, is also in the running to buy Keepmoat, the homebuilder that sponsors Doncaster Rovers...
U-blox, the Switzerland-based semiconductor group, is said to have made a last-minute takeover approach to Telit Communications.
People following the situation said U-blox has submitted a fresh offer for Telit valuing the company at 260p a share in cash.
It's believed U-blox's offer is dependent on the the Swiss company getting approval from its own investors to raise the cash via an equity capital raising, said people following the situation...
Another day, another private equity bid rumour for a London-listed company.
This evening Tom Howard of The Times is reporting that Meggitt has received a takeover approach from a mystery private equity firm. Below is a link to Howard's market report column with the rumour:..
Oh look - Carrier Global Corporation has finally completed and confirmed Betaville's RARE Alerts from earlier this year about a sale of its massive Chubb Fire & Safety unit.
The US-listed industrial giant is selling Chubb Fire & Safety to APi Group Corporation for $3.1 billion. Below is the link to the press release:..
The Telit Communications takeover saga is poised to draw to a close this week thanks to the hedge funds that recently bought up almost 8pc of the 'internet of things' company...
Loyal readers of little old Betaville won't be too surprised to read this morning that Ultra Electronics is in talks to be bought by Advent International-backed Cobham for over £2 billion.
That's because this website consistently highlighted the prospect of a deal through a series of UNCOOKED Alerts published over the last few weeks before the release of any announcements of news reports. Below are the links in case you have forgotten:..
One of Telit Communications largest shareholders plans to vote against Dbay's revised £320 million offer for the company.
This week Dbay increased its offer for Telit to 229.5p a share after delaying last week's shareholder vote when it became clear the private equity fund wouldn't have enough support to approve the scheme of arrangement to take the company private at the previously recommended 220p a share...
Betaville notes activist private equity firm Dbay Advisers has just increased its offer for Aim-listed "internet of things company" Telit Communications by another £20 million.
Dbay is now offering 229.5p a share for Telit and also made it "final". The move comes after it became clear investors weren't going to back the last scheme of arrangement vote. Below is the link to the deal announcement:..
Stockmarkets took a big dive this morning but the takeover deals just keep on coming.
The latest in the London-market is a 513p a share or £900 million takeover of Sumo Digital, the video games developer, by Tencent, the Chinese technology behemoth. Below is a link to this morning's announcement:..
I see GCP Student Living has finally a recommended a £1 billion takeover offer from Scape Living and iQSA. Below is a link to the announcement.
[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].