A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. 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.
So, Emerson Electric has finally broken cover after months (see part 1 and 2) of takeover rumours around National Instruments Corporation, the US-listed producer of automated test equipment and virtual instrumentation software,.
The American industrial giant has has come clean about how it has offered $53 in cash (or around $7.6 billion) for National Instruments Corporation last November...
By Adam McNestrie
AssetCo, the London-listed wealth management consolidator, and Preservation Capital have shelved the £300 million plus sale of Parmenion despite receiving multiple offers from a variety of suitors, including private equity firm Abry Partners.
Last year September Sky News revealed in September that Parmenion - a £10bn assets under management wealth manager - was working with advisers to seek a buyer or new backers...
National Instruments Corporation has just announced it is carrying out a "strategic review" after receiving a variety of takeover approaches.
Now, the fact that National Instruments Corporation has received interest may not come as much of a surprise to loyal Betaville Intelligence readers...
I see arch rivals at Bloomberg published late last night a tale about Univar Solutions, the US-listed chemical distributor, "attracting interest" from private equity firms Apollo and Platinum. Below is the link:..
Now Orange is interested in buying some or all of Atos, according to Les Echos.
Of course, this news won't be too much of a surprise to loyal readers of little old Betaville's content as Orange was previously reported by this website to be working with Credit Suisse on a potential acquisition of some or all of Atos...
It's that time of the year when scribblers at Canaccord Genuity's Quest release a note with their UK M&A takeover tips - all 94 of them.
Graham Simpson who compiled this list of of potential takeover targets, writes: "UK companies continue to look materially undervalued, potentially making them takeover targets for both private equity and international corporates."..
Loyal readers might recall that back in May last year little old Betaville suggested that City spin merchant Tulchan, led by former Conservartive party chairman Baron Feldman of Elstree, was working with advisers from Evercore on "strategic options" and a tie up with rival Teneo, backed by CVC Capital Partners, would make sense. Below is the link:..
Are you still wondering what First Abu Dhabi Bank's fleeting tilt at FTSE 100-listed Standard Chartered was all about?
Well, so is little old Betaville. One piece of the jigsaw might be in a piece by the Financial Times about the Abu Dhabi-listed International Holding Company.
It has grown from a fish farm, food and real estate company to a $240 billion conglomerate with a 150,000 employees in the space of three years...
Bloomberg has just reported the Qataris have held talks about buying Tottenham Hotspur FC, the Premier League football club.
According to the Bloomie report, Nasser Al-Khelafi - the chairman of Qatar Sports Investments - "recently held conversations" with Daniel Levy, the boss of Tottenham Hotspur, about the purchase of a stake in the north London club...
Another day, another Atos story from the French press.
Now BFM is claiming One Point, the French data company set up by technology entrepreneur David Layani, submitted a second takeover offer late last year to Atos for its cybersecurity division after having the first one of EURO 4.2 billion rejected in September...
Well, that takeover bid for Standard Chartered wasn't much of a bid after all!
First Abu Dhabi Bank just released a statement after the Bloomberg scoop confirming the institution had been taking a look at Standard Chartered but now had decided against the idea. The shares have fallen back around 15pc...
Arch rivals at Bloomberg have just started the new year with an M&A whopper.
According to Bloomie, First Abu Dhabi Bank PJSC has been exploring a takeover bid for Standard Chartered and has appointed advisers to work on the deal.
Standard Chartered have spiked almost 20pc on the scoop. Betaville assumes statements will be released shortly.....
There are some fairly punchy lines being thrown about by French title SiecleDigital about the renewed interest Atos, the French IT services giant.
In a follow up piece to the Les Echos "scoop" about the renewed Airbus interest in Atos, SiecleDigital reports:..
It's the first trading day of 2023 in continental Europe and already one of little old Betaville's RARE alerts has been followed by a rival.
Les Echos has this morning reported that Airbus is in talks about purhasing a stake in Atos as it is aircraft engine maker is interested in getting hold of beleguered Atos's cyber security unit. Below is the link to the piece in Les Echos:..
The venerable Financial Times splashed the entire edition of its British newspaper on a rather gloomy story about "a record fall" in dealmaking in the second quarter of this year. Below is the link:
https://www.ft.com/content/fe4f0017-8e41-44ae-85db-55b09157b379..
The MGM for Entain bid rumours have been rekindled for the second time in the matter of weeks.
This time it's the Casino Guardian that is stoking the takeover talk...
Apologies for the lack posts over the last few days; little old Betaville took a few days off over the festive period...
Axios has just reported that Mike Bloomberg, the billionaire founder of financial media giant Bloomberg, is weighing an acquisition of Dow Jones, owner of the TheWall Street Journal, or TheWashington Post, which is owned by Amazon founder Jeff Bezos.
According to Axios, Mr Bloomberg would be interested in a potential acquisition of either property, but Dow Jones would be a "stronger target"...
[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].