Sabah Meddings of The Sunday Times business section had a decent haul this weekend...
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EVO Payments Inc, the US-listed payment processing company, has come under the spotlight amid a renewed round of takeover talk.
People following the situation have heard rumours EVO Payments has attracted interest from a potential acquirer.
However, the identity of the mystery bidder circling EVO Payments is unknown, said people following the situation.
EVO Payments has received a takeover approach in the recent past...
Quelle surprise: Aston Martin Lagonda, the London-listed maker of the luxury car marque, is ploughing ahead with another equity fundraising after all.
Well, that's according to Peter Campbell of the Financial Times, whohas just landed a cracking tale about Aston Marin tapping shareholders up for about to £500 million with much of that coming from another rights issue. Below is a link to Campbell's scoop:..
Electricite de France SA's shares have been suspended!
Betaville assumes the constant stream of leaks about the nationalisation and buy-out of minority shareholders got a bit tiresome.
Indeed, EDF's shares are up almost 30pc since little old Betaville broke the rumour about the deal a couple of weeks ago...
A tweet from Orlando Bravo caught Betaville's eye this afternoon, with the founder of US-based technology buy-out house Thoma Bravo tweeting:
"In this market, I wouldn’t look at a company's “takeover value” as part of one’s investment thesis or to try to predict a bottom on a stock. Neither strategics nor PE have the time & money to pursue even a fraction of the attractive M&A opportunities that exist right now."..
The Electricite de France nationalisation stories keep rolling in thick and fast.
Now rivals at Reuters are catching up with little old Betaville with an "exclusive" story that contains a little bit more detail on the buy-out of minorities in EDF...
There appear to be some investors who reckon Elon Musk won't be able to back out of his $44 billion Twitter takeover bid.
Roy Boehren, who runs the $5 billion merger arb fund for US-based Westchester Capital, told the Financial Times today that: "Twitter should continue to trade well above the standalone value of the company. The company has the better argument and there is validity to the merger agreement that should be enforced."..
Tucked away in the back of The Times market report is a line on the Tremor takeover tale that has been circulating in recent weeks.
The report, written by the experienced hack Dominic Walsh, notes rumours about CVC Capital Partners having an interesting in purchasing Tremor, the online advertising business. Below is the link: ..
Rivals at Bloomberg picked up an interesting snippet this evening on the looming Electricite de France nationalisation (or buy-out of the minority shareholders).
According to Bloomie, Bruno Le Mare, the French finance minister, said a whopping EURO 12.7 billion has been put into a "special Treasury account" for EDF's nationalisation.
Although Le Mare makes it clear the EURO 12.7 billion isn't just fo the EDF deal the quote has got a few City wags excited...
Reuters is reporting that the French Prime Minister, Elisabeth Borne, has said France plans to fully nationalise Electricite de France. Below is the link:
It would appear Ken Griffin's Citadel has just bought a rather large slice of Boohoo, the controversial online fast fashion retailer.
According to a regulatory announcement, Citadel - which is controlled by Griffin, one of America's wealthiest hedge fund tycoons - now owns just over 5pc of Boohoo. Below is the link:..
Back in the aftermath of the 2020 stockmarket crash little old Betaville broke the story of an impending row between property entrepreneur Robert Tchenguiz and a group of well known stockbroking firms, such as FTSE 250-listed IG.
The likes of IG, CMC Markets and Intertrader - which was owned by Ladbrokes owner Entain - had sold out Tchenguiz's 7pc shareholding in FirstGroup during the rout of March 2020 after he allegedly failed to meet margin calls...
It's taken fifteen years but little old Betaville today finally made it onto Markets Live as a host albeit in a slightly different way to its original format.
Let me clarify what Markets Live is for readers unfamiliar with this journalstic outlet. It was the the live knockabout chat about what is moving stock, bond and commodity markets run the Financial Times blog FT Alphaville...
I see that Capgemini appears to have issued a categorical on the record denial about its interest in buying some or all of Atos, the belegeured IT and cybersecurity business.
I mean, Betaville approached Capgemini and offered the firm an opportunity to comment on the story and this was response from Victoire Grux, the spokesperson for the consulting firm:
"We are not commenting on market rumours".
What changed between then and now?..
The little end piece of Oliver "Shahsy" Shah's column in yesterday's The Sunday Times business section caught Betaville's eye yesterday.
Olly was pushing the idea that Centrica, the FTSE 100-listed owner of British Gas, could be a takeover target for an oil major or European utility. Below is the link to yesterday's piece:..
So, the private equity consortium purchasing Zendesk is paying $77.50 a share for the business.
That's a lot less the rumoured price being touted by rivals Dealreporter in May. Back then Dealreporter claimed Zendesk was holding out for $140 a share after rejecting an offer from private equity pitched at between $127 and $132 a share...
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