Betaville

Iranian American billionaire poised to launch $3.75 billion takeover bid for Tottenham Hotspurs, reveals the Financial Times

A cracking Premier League football takeover scoop from the Financial Times has just landed.

According to hacks at the Pink 'Un, Iranian-American billionaire Jahm Najafi is preparing a blockbuster $3.75bn takeover bid for Tottenham Hotspur.

Najafi, who is the chair of MSP Sports Capital, is working with a consortium of investors to structure the bid and is weeks away from formally approaching Spurs owner Joe Lewis and the football club’s chair Daniel Levy...

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Norma Group rejects offers from Carlyle, PAI and Triton, reveals Bloomberg

If you thought private equity firms had given up trying to do big deals in Europe then think again.

According to Bloomberg hack Aaron Kirchfeld, Carlyle, PAI and Triton approached Germany-listed Norma Group late last year with offers.

Those approaches came after Norma Group - which makes hose clamps and pipe connections for cars and washing machines - explored a potential sale with advisors, claims Bloomberg.

Below is a link to Kirchfeld's scoop:..

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Bestway builds stake in J Sainsbury - Part 4

If you are still wondering what Bestway and its owners are up to with their stakebuilding efforts in J Sainsbury then I suggest reading Neil "Neily" Craven's piece in yesterday's Mail on Sunday business section.

Neily has a go at figuring out what is actually going on with Bestway's move on Sainsbury's and arrives at a rather interesting suggestion: that perhaps Bestway are trying to engineer a reverse takeover...

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First Abu Dhabi Bank said to explore bid for Standard Chartered, reveals Bloomberg - Part 7

First Abu Dhabi Bank has just denied again that it is "evaluating" a possible offer for FTSE 100-listed bank Standard Chartered.

Now, I think this might be the first time in my journalistic career that I have seen a double denial to Bloomberg stories suggesting the opposite. Below are the links to the first statement last month and then this morning's:..

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First Abu Dhabi Bank said to explore bid for Standard Chartered, reveals Bloomberg - Part 6

Chums over at FT Alphaville have carried out an interesting dissection of Bloomberg's second Standard Chartered takeover tale.

I have pasted the link below to article, which was written by Bryce "The Flying Scotsman" Elder, now City Editor of FT Alphaville:

https://www.ft.com/content/087c9789-70a2-4d9c-9e81-b2e2497f7284..

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MGM said to be looking at Ladbrokes owner Entain, again, according to the Casino Guardian - Part 2

It would appear all the recent rumours about US-listed MGM Resorts having another crack at Entain in the early part of 2023 are ill founded.

Shares in Entain, the owner of Ladbrokes, are down almost 10pc this morning after MGM boss Bill Hornbuckle (what a great name) ruled an imminent move for the FTSE 100-listed company...

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First Abu Dhabi Bank said to explore bid for Standard Chartered, reveals Bloomberg - Part 5

Standard Chartered shares have spiked again - around 10pc - thanks to a fresh piece from arch rivals Bloomberg.

Hacks at Bloomie report that Abu Dhabi-based First Abu Dhabi Bank is "pressing ahead" with a potential offer for the FTSE 100-listed bank.

That story comes after First Abu effectively ruled itself out for six months with the usual caveats. Below are the links to its previous statement and today's story from Bloomberg:..

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Manchester United on the market, reveals Sky News - Part 6

Little old Betaville is officially updating the Manchester United of the Daily Mail runners and riders list after sports hack Mike Keegan went big with is line about the Qataris weighing a takeover offer for the football club. Below is a link to Keegan's "scoop", which also contains a video clip with him talking about it...

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CVS Health Corporation in advanced talks to buy Oak Street Health Inc for over $10.5 billion, reveal the Wall Street Journal and Bloomberg

The shenanigans surrounding the potential takeover of US-listed primary care provider Oak Street Health Inc continue.

First Bloomberg revealed in early January that CVS Health Corporation was exploring the takeover of Oak Street Health. Below is the link:..

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Public Storage makes $11 billion hostile offer for Life Storage, reveals the Wall Street Journal

All paper 'unsolicited' takeover offers are pretty rare.

So, little old Betaville tends to sit up and take notice when one emerges, which is what happened overnight when the Wall Street Journal broke the news about Public Storage offering $129 a share for rival Life Storage.

The move comes after an earlier offer by Public Storage was rejected. Below is a link to the Wall Street Journal story:..

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Weekend review: Danaher, Catalent and SolGold...

Bloomberg dug out the biggest takeover scoop of the weekend.

The financial media giant revealed that Danaher Corporation, the US-listed life sciences giant, has recently expressed an interest in buying Catalent, a healthcare contract manufacturer.

Bloomberg suggests Danaher indicated it could be willing to pay a significant premium for Catalent, so the latter's shares may be sharply up on Monday...

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First Abu Dhabi Bank said to explore bid for Standard Chartered, reveals Bloomberg - Part 4

Little old Betaville thought it worth highlighting a fine piece of journalism from rival reporters at the venerable Financial Times.

The piece has some cracking detail, including a string of advisers, and insight about First Abu Dhabi Bank's failed tilt at FTSE 100-listed bank Standard Chartered. Below is the link to the story:..

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Cybersecurity firm Rapid7 explores sale, reveals Reuters

Hat tip to the intrepid hack at Reuters for digging out the Rapid7 takeover tale.

According to Milana Vinn, US Rapid7 is working with bankers at Goldman Sachs on "strategic options" after attracting takeover interest. Below is the link to the scoop, which has sent the shares over 20pc higher:..

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