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:
The private equity buy outs are just getting bigger and bigger.
Hacks at the venerable Wall Street Journal have just broken a story about a Blackstone-led consortium closing in on a $30 billion acquisition of US-based Medline Industries Inc, which manufactures and distributes equipment and supplies used in hospitals, surgery centers, acute-care and other medical facilities in over 125 countries. Below is the link to the WSJ scoop:..
Betaville was casting around for stories today and stumbled around a curious line around the three-way battle for Signature Aviation, the London-listed private jet operator.
It would appear, according to publicly available financing documents, that Global Infrastructure Partners, one of the firms interested in buying Signature Aviation, is offering to finance its bid in, er, equity. Yes, you heard that right - equity to the tune of $4.6 billion...
So, Mark "the Kleinmanator" Kleinman just dug out a decent line about Blackstone teaming up with Bill Gates's fund to launching a joint £3.5 billion takeover bid for Signature Aviation. Below is a link to Mark's scoop with all the gory detail:
https://news.sky.com/story/bill-gates-and-blackstone-team-up-for-3-5bn-signature-bid-12181809..
Betaville is in another grump.
That's because it would appear rivals, friends and former colleagues on the business sections have sided decided to ignore the fact little old Betaville smoked out Blackstone's £3 billion bid for Signature Aviation yesterday morning.
What is going on?..
Chuckles all round at Betaville towers as senior hacks at the Wall Street Journal backslap themselves for "breaking" the story about Global Insfrastructure Partners and Blackstone's attempt to buy US-listed railroad operator Kansas City Southern for over $20 billion...
I see The Wall Street Journal has just "broken" an "exclusive" story about Global Insfrastructure Partners and Blackstone attempting to purchase Kansas City Southern, the US-listed railroad transportation operator. Below is the link:
https://www.wsj.com/articles/private-equity-firms-discuss-bid-for-kansas-city-southern-11596223106..
The frothiness continues unabated with KKR coming forward to submit a formal takover proposal for Walgreens Boots Alliance. Click on the link to the Financial Times piece below for the latest on the deal:
https://www.ft.com/content/9824af60-049d-11ea-a984-fbbacad9e7dd
Now Betaville was a bit sceptical that a $70 billion leveraged buy-out of Walgreens Boots Alliance would actually happen...
Wow!
The M&A chaps at the venerable Financial Times are on fire at the moment with another humdinger of a scoop about the LSE merging with Refinitiv as part of a $40 billion combination.
Below is the link:
https://www.ft.com/content/ddf40314-afc6-11e9-8030-530adfa879c2..
The world’s largest private equity firm has put Ideal World on the market after it’s investment in the home shopping television channel turned sour.
People familiar with the matter said US buy-out giant Blackstone has appointed advisers from Deloitte to quickly find a buyer for Ideal Shopping Direct, a home shopping group that sells its products on Sky, Freeview and Virgin Media.
Ideal Shopping Direct’s main channel is Ideal World...
US retailer Coach is working with corporate financiers on a potential combination with Burberry to create a $20 billion luxury clothing giant, according to two sources familiar with the situation.
Coach has been talking to financial advisers from Evercore for several weeks about the potential deal, according to two sources familiar with the situation...
Oh look - I see Blackstone and D Carnegie have this morning confirmed this week's Tip TV tale about the US private equity firm sniffing around the Swedish property group.
Here are the links:
and this morning's news:..