Oh look - rivals at Reuters have finally decided to follow Betaville's intelligence from a couple of weeks ago about a potential takeover of Tronox Holdings, the US-listed titanium ore and zircon mining company.
Below is a link to my original alert and the Reuters follow up, which suggests Apollo has made an approach for the company...
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..
It appears The Sunday Telegraph was bang on the money with it's weekend line about Apollo Global Management coming in for WM Morrison.
So who would have thought it: a potential three-way tussle for Morrisons! Below is the link to the Apollo statement:..
I see Reuters is reporting that China's HNA is looking to rekindle a sale of Swissport International, the baggage handling group. Below is a link to media group's story.
American hedge fund Centrebridge is said to be one of the more enthusiastic parties interested in HNA's Swissport, the Swiss airport cargo handling group.
Readers might recall that Betaville reported late last year China's embattled HNA Group is once again trying to offload Swissport, the airport cargo handling group, via bankers from NM Rothschild and boutique firm Benedetto Gartland & Company...
Betaville has to admit it's puzzling that there was no deal announcement following yesterday's definitive report from the Wall Street Journal about the £3 billion takeover of RPC by Apollo being announced today.
In case you missed it, below is a link to the WSJ story following Betaville's Friday RARE on the topic:..
Hat tip to The Insurance Insider.
Adam McNestrie, editor of the trade newspaper for the specialist insurance industry, broke a tale last week about the imminent takeover of US-listed insurer Aspen by Leon Black's Apollo for $2.6 billion. Below is the link:..
This Heineken / Punch takeover deal appears to be almost done and dusted but I did discover over lunch the other day (that's old school "journalism" for you, I guess) some more detail about the consortium Alan McIntosh was trying to put together to buy the business...
Some dealmakers I talk to are rather glum. That's because there has been quite a bit of talk of a post summer slowdown in M&A.
However, one sector that is red hot at the moment is insurance. This week alone there have been several major transactions announced, including Sompo's £5.3 billion takeover of Endurance and NN Group's EURO 2.4 billion bid for Delta Lloyd...