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.

Trade buyer could pay up to 300p a share for Senior, claims Peel Hunt

Thursday, 12 August 2021, 11:55 am

There is an M&A frenzy taking place in the London market unseen since 2007, which means analysts are prepared to wildly speculate about, er, anything.

So, the chaps at Peel Hunt have just released a note suggesting a trade buyer might pay 300p a share for aerospace and defence firm Senior.

Readers might recall that earlier this year Senior received multiple indicative takeover approaches from Lone Star, the US private equity firm...

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Tags: Peel Hunt
Betaville Intelligence

UNCOOKED ALERT: Kansas City Southern said to ... - Part 4

Monday, 9 August 2021, 9:58 pm

The venerable Wall Street Journal has just landed another great scoop about Canadian Pacific Railway weighing a fresh counter $300 a share offer for Kansas City Southern, the US-listed railroad operator. Below is the link:

https://www.wsj.com/articles/canadian-pacific-plans-new-higher-bid-for-kansas-city-southern-11628539276..

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Betaville Intelligence

RARE ALERT: SSE said to ... - Part 2

Friday, 6 August 2021, 4:15 pm

Elliott Advisers is said to be the activist fund accumulating a stake in SSE, the FTSE 100-listed power giant.

People following the situation said the US firm has been building the stake for several weeks although its not clear what size shareholding Elliott has got and whether it plans to disclose it to the market soon.

It's also not clear whether Elliott plans to launch an activist campaign against SSE similar to the one it is waging against GlaxoSmithKline...

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Tags: SSE

Is the tide turning for Odey the Brexiteer? - another new series...

Thursday, 5 August 2021, 6:44 pm

Charming Crispin's firm has just taken out a short bet against AMC Entertainment Holdings, the meme stock driven to astronomical highs by the Wallstreetbets retail punter crowd.

Well, it isn't the famous Brexiteer himself taking the short position but rather his colleague, James Hanbury, one of the fund managers at Odey Asset Management. Below is the the link to the FT piece on the move...

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Betaville Intelligence

UNCOOKED ALERT: SSE said to ...

Wednesday, 4 August 2021, 2:29 pm

One of the world's largest activist investors is said to be building up a stake in SSE, sparking speculation the company may eventually become a takeover target.

People following the situation said the activist shareholder has been accumulating a sizeable shareholding over the last few weeks and and may soon announce its position...

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Tags: SSE

The hackery merry-go-round continues...

Tuesday, 3 August 2021, 10:55 pm

It's been almost eighteen months since Betaville has enjoyed a good old fashioned knees up with fellow hacks (basically alcoholic drinks in a dingy pub in the backstreets of London).

So, it was great to catch up with old colleagues and friends from The Sunday Times and the Mail on Sunday tonight for John "The Ridge" Collingridge's leaving do before he heads of to become head of business at The Guardian...

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Betaville Intelligence

UNCOOKED ALERT: Meggitt said to ... - Part 3

Monday, 2 August 2021, 1:55 pm

Betaville was just having a nosey about Shorttracker.co.uk and it would appear Ken Griffin's Citadel recently built up a sizeable short position in Meggitt.

According to Shorttracker, as of July 27th Citadel's short position in Meggitt was just over 1pc of the company but this morning Meggitt's shares are up around 60pc after agreening to a 800p a share offer from Parker-Hannifin Corporation. Ouch!..

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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].