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 43

Tuesday, 31 August 2021, 6:55 pm

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...

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Activist picks by The Times: Unilever, Centrica and Burberry among others...

Saturday, 28 August 2021, 8:59 am

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:..

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Western Digital in advanced talks to merge with Kioxia Holdings, reveals the Wall Street Journal

Wednesday, 25 August 2021, 7:17 pm

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:

https://www.wsj.com/articles/western-digital-in-advanced-talks-to-merge-with-kioxia-in-20-billion-plus-deal-11629914820..

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Betaville Intelligence

UNCOOKED ALERT: J Sainsbury said to ... - Part 3

Monday, 23 August 2021, 10:05 pm

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...

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Betaville Intelligence

UNCOOKED ALERT: J Sainsbury said to ... - Part 2

Sunday, 22 August 2021, 9:10 am

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:

https://www.thetimes.co.uk/article/bidders-train-guns-on-sainsburys-sh8228nst..

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Private equity stalking Babcock International, reports the Daily Mail

Saturday, 21 August 2021, 4:26 pm

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:..

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Small cap corner - Pensana

Friday, 13 August 2021, 3:05 pm

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...

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Tags: Pensana

Small cap corner - Path Investments

Friday, 13 August 2021, 12:20 pm

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:..

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Unilever may be a target for an activist such as Nelson Peltz, reports FT

Friday, 13 August 2021, 11:13 am

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...

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Small cap corner - Mast Energy Developments - Part 2

Friday, 13 August 2021, 10:21 am

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.

Still developing.....

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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].