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 ben@betaville.co.uk. 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 Intelligence

RARE ALERT: Telit Communications said to ... - Part 28

Friday, 19 March 2021, 1:31 pm

Telit Communications faces a shareholder backlash over Dbay's latest attempt to take the company private.

People following the situation said large shareholders in the Aim-listed 'internet things of designer' are furious about how talks with Dbay have transpired.

Yesterday, it emerged that Telit's board has given Dbay Advisors the opportunity to carry out due diligence on the business without indicating what price it would be prepared to recommend an offer...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 27

Thursday, 18 March 2021, 9:42 am

There were a couple of deals anounced this morning in the UK, including National Grid's £14 billion takeover of Western Power from America's PPL Corporation. Below is the link to this morning's announcement:

https://www.investegate.co.uk/national-grid-plc--ng.-/rns/proposed-wpd-acquisition---portfolio-repositioning/202103180700066406S/..

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William Hill, the hedge fund and the sale to Caesars...

Thursday, 18 March 2021, 7:41 am

Heavyweight American hedge fund HBK appears to have thrown a spanner in the works of William Hill's sale to Caesars.

This morning the London-listed company has said HBK has said it plans to contest the Scheme of Arrangement to sell the business to the American casino giant for £2.9 billion. Below is the link to the announcement...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 26

Wednesday, 17 March 2021, 11:14 am

Dbay Advisors is said to be back in talks with Telit Communications about a takeover offer for the Aim-listed 'internet of things' designer.

People following the situation said Dbay, which has in recent weeks built up a shareholding of over 26pc in Telit, has been carrying out due diligence on the company with a view to making a formal recommended offer for the business...

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8dates...

Tuesday, 16 March 2021, 9:04 am

Investors chasing the next Bumble might want to take a look at 8dates.

Betaville understands 8dates, set up by Texan entrepreneur Michael Casey, has appointed British crowdfunder Seedrs to raise £350,000 as part of deal that will value the novel dating site at £4.2 million...

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Tags: 8dates
Betaville Intelligence

RARE ALERT: Jersey Oil and Gas said to ...

Thursday, 11 March 2021, 9:25 am

Jersey Oil and Gas, the UK-listed oil and gas explorer, is said to be working on a multi-million pound equity fundrasing.

People following the situation have heard rumours Jersey and its advisers have been sounding out investors about raising between £10 million and £15 million, potentially via a bookbuild and placing.

However, it's not clear why Jersey is tapping investors for fresh funds...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 25

Wednesday, 10 March 2021, 11:01 pm

Old Richard, the "Welsh Wizard", Griffiths has been boosting his stake in Telit Communications, the Aim-listed 'internet of things' provider.

Griffiths is well known in City of London circles for being a savvy investor with stakes a variety of companies, including Talk Talk, the the broadband company that was recently bought by Toscafund, it's largest shareholder.

And according to recent filings Griffiths now owns 9.06pc of Telit. Below is the link to the RNS announcement:..

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The foreign exchange broker, the, er, that's it... - Part 2

Tuesday, 9 March 2021, 11:02 pm

There are more twists to the Equiti Capital row.

Readers might (or might not) recall that back in November last year Betaville noted that The Sunday Telegraph dug out a curious tale involving the foreign exchange broker, which is being is pursued in the commercial courts for £10 million. Below is the link:..

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The telecoms giant, the bust up and the (potential) deal...

Monday, 8 March 2021, 10:28 pm

Betaville has been watching the goings on at BT Group with interest.

For readers unfamiliar with the situation, the company recently announced Jan Du Plessis, the chairman, was planning to retire but that announcement was swiftly followed up by a scoop from the Kleinmanator of Sky News about how Philip Jansen, BT's chief executive, gave boardroom colleagues an ultimatum over his own future that led to the departure...

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Betaville Intelligence

UNCOOKED ALERT: Kering said to ... - Part 2

Thursday, 4 March 2021, 5:52 pm

The board of Ralph Lauren, the US-listed fashion brand, is said to be holding out for a substantial takeover premium from the company interested in acquiring the business.

The identity of the mystery suitor is unknown but people following the situation have heard rumours Kering, the France-based luxury goods company, may have an interest in acquiring Ralph Lauren...

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Tags: Kering

LivaNova receives $3.7 billion takeover approach from Permira, reveals the FT

Thursday, 4 March 2021, 1:14 pm

Hacks at the Financial Times landed a decent scoop last night about Permira's attempt to buy LivaNova, a US-listed medical devices maker that is based in London. Below is a link to the piece:

https://www.ft.com/content/f3d4ceb0-2fe7-4c3a-92b2-a478b2b4fd81

The scoop appears to be well-sourced but oddly the shares hardly reacted to last night's news, which was a bit odd...

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Amigo, Amigo...

Wednesday, 3 March 2021, 8:14 pm

Amigo Loans doesn't have too many fans among traditional long only institutional investors. That's because the sub-prime loans business had a bit of shocker since floating at 275p in 2018...

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Tags: Amigo
Betaville Intelligence

UNCOOKED ALERT: Treasury Wine Estates said to ... - Part 3

Tuesday, 2 March 2021, 12:11 am

Treasury Wine Estates, the Australia-listed wine distributor, is said to have now received a formal offer.

People following the situation have heard speculation Treasury Wine Estates recently received a takeover approach valuing the business at AUD$ 15.67 a share.

Some people following the situation suggested the approach may have come from Pernod Ricard, the France-listed drinks giant...

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[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].