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.
CVC Capital's £767 million takeover of Polish vodka maker Stock Spirits slipped under Betaville's radar yesterday.
Anyway, just in case you missed the announcement I have pasted the link below:..
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...
The counter bids keep on flowing.
This time FTSE 250-listed Meggitt has received a 900p a share rival approach from TransDigm, another US-listed aerospace and defence company. Below is the link to today's announcement:
NortonLifeLock Inc's £6 billion acquistion of London-listed Avast appears to have been sealed. Below is a link to the details of the transaction:
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:
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...
Shares in Atos have surged this afternoon almost 8pc amid a report there could be a multi-billion Euro takeover bid for the IT group.
Now, I can't link to the article as the publication that published the article, Dealreporter, is behind a strong and expensive paywall.
Some might see some irony in that!..
Sometimes deals take a few days to get done; at other times they can take few weeks or even months.
Occsaionally, though, it takes a year for the transaction to be signed.
Well, that's the case with Medtronic's $1 billion plus purchase of Intertsect ENT, which has just been announced this morning...
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...
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...
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...
I see Smiths Group has finally confirmed it is selling its medical division to TA Associates for almost £2 billion.
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!..
Sanne finally confirmed this morning what loyal Betaville readers should have already read on this website - that it has received a counter offer.
The rival bid has come from Apex and pitched at 920p a share. Below is the link:..
So, Meggitt has decided to finally come clean, revealing it is recommending an 800p a share bid from Parker-Hannafin Corporation. Below is the link:
Oliver "Shahsy" Shah was talking up the prospect of a takeover bid for FTSE 100-listed BT Group takeover in his column in today's The Sunday Times business section. Below is the link:
[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].