Deals, Deals, Deals ... in a bear market - Part 20

Thursday, 23 December 2021, 8:05 pm

It's December 23rd but yet the deals keep on coming.

Indeed, this morning London-listed Flutter Entertainment, the parent company of Paddy Power and Sky Bet, announced the £1.6 billion purchase of Italian gambling company Sisal and this afternoon it emerged Quidel Corporation, the US-listed testing group, is paying $6 billion in cash and stock offer for Ortho Clinical Diagnostics.

That deal comes less than a year after Ortho Clinical Diagnostics floated on the Nasdaq in the US, with private equity firm Carlyle listing the firm in Janaury this year.

And little old Betaville hears Ortho Clinical Diagnostics might not be the only recently-floated company looking to sell itself to an acquirer. Wink, wink... (if you have no idea what I'm talking about it might be worth looking back through the last few UNCOOKED Alerts)

P.S. Barring any last minute mega scoops Betaville plans to clock off for the next few days.

P.P.S I won't be away for too long as it seems like the frenzied pace of dealmaking is likely to continue into 2022!..

[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].

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