Often when an activist, such as Elliott Advisors, gets involved in a listed company in the US or Europe it agitates for a sale of the business to generate an immediate uplift in shareholder value...
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 email@example.com. 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.
Today may be Telit Communications final day as a public company but that doesn't mean Betaville has given up on reporting on the business.
Indeed, this website can reveal that Oozi Cats, the founder of Telit Communications, has written to the company’s chairman to make several formal complaints about the £305 million takeover of the Aim-listed 'internet of things' business by private equity firm Dbay Advisors...
There weren't too many M&A scoops in the British press this weekend but the Wall Street Journal landed a sizeable American deal story with its tale about healthcare giant Baxter closing in on a deal to buy medical equipment maker Hill-Rom.
According to the WSJ, Baxter is willing to pay $150 a share for Hill-Rom. Below is a link the WSJ piece:..
Rivals at The Times have dedicated a full two pages of their business section to speculate on which FTSE company will be the next target for an activist, such as Edward Bramson of Sherborne.
They touted the likes of Centrica, Unilever and Burberry as possible targets for a corporate agitator. Below is the link to the fill article if you have time to read it:..
Hacks at the Wall Street Journal have dug out another decent tale on a long-running situation: US-listed chip group Western Digital is now in advanced talks to merge with Japan's Kioxia Holdings. Below is a link to the WSJ story:
It would appear my old boss Alistair "Mr Acerbic" Osborne has the most sensible things to say about the Apollo - J Sainsbury bid tale circulating the London market...
Sainsbury's shares closed up around 15pc at 340p following the The Sunday Times "scoop" about Apollo going for the supermarket instead of Morrisons.
The thing is: there has been no confirmation from Apollo that it is consdering an offer.
Betaville assumes that for the moment Apollo's interest is simply not that serious, so doesn't warrant the typical confirmation required under Takeover Panel rules...
Rivals at The Sunday Times have this morning gone big on the prospects of Apollo taking a 45-degree right hand turn and launching a multi-billion pound bid for J Sainsbury instead of Morrisons. Below is a link to this morning's business splash "scoop" from retail hack Sam Chambers:
Intrepid Daily Mail hackette Francesca Washtell has landed a line about a possible takeover of Babcock International, Britain's largest defence contractor.
Washtell reports in her market report column that there are rumours two private equity groups are "sniffing around" Babcock and that's the reason why the company's shares have been performing so well recently. Below is a link to Washtell's excellent column:..
I see hacks at the venerable FT have finally woken up to what Betaville has been banging on about for several weeks: a multi-billion dollar takeover bid for CBOE, the massive US options exchange. Below is the link to the FT story:
If you are following the Meggitt takeover situation then Oliver "Shahsy" Shah's fanstastic on the record interview with Sir Nigel Rudd is a must read...
There is a bit of a buzz this afternoon around Pensana, another company connected to the electric vehicle market.
The talk is there could be some further progress with regards to the company's talks with the UK government's £1 billion Automotive Transformation Fund, which is looking to support the national transition to electric vehicles...
Betaville has been hearing some interesting things about Path Investments for a few weeks and today the company announced a reverse takeover of an electric car and energy storage company for £32 million. Below is the link today's announcement:..
It's been a while since Nelson Peltz, the American corporate raider, has had a crack at a London-listed company but now City scribblers are suggesting he may have set his sights on Unilever, the FTSE 100-listed consumer goods giant.
Well, that's according to Bryce Elder's excellent City Insider column in the venerable Financial Times. Below is the link to his piece, which appears to be based on Bernstein research...
Remember Mast Energy Developments?
Well let me remind you if you don't: Mast is the little reserve power provider that caught Betaville's attention back in June amid talk of big contract wins.
Anyway, Betaville hears from well informed types that it has lined up £10 million debt facility from a major industry player and more power deals could be on the way.
[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].