The Unilever might be a target for Nelson Peltz theory was first aired last summer but now it appears to be have become fact.
Indeed, hacks at the venerable Financial Times have dug a decent scoop today about Peltz building a stake after the botched £50 billion tilt GlaxoSmithKline's consumer division. Below is a link to the FT piece:..
It's the final day of the year but the dealmaking goes on.
This time 3G - the giant private equity firm led by Brazilian billionaires - is buying a 75pc stake in Dutch window blinds maker Hunter Douglas from the Sonnenberg family for EURO 175 a share.
That means 3G - which a few years ago attempted to purchase Unilever alongside Warren Buffett - is buying Hunter Douglas at a 73pc premium...
French media outlet BFM is claiming Dan Lan Loeb's Third Point is pushing for a merger of Compagnie Financiere Richemont and France's Kering after building a stake in the former. Below is the link:
There is talk in the market Izabella Kaminska, the editor of FT Alphaville (no relation to little old Betaville) is leaving the top quality Financial Times markets blog.
One might describe that titbit as WELL-DONE in Betaville parlance but do remember things can change at the last minute...
Loyal readers of Betaville's work on here and at the Mail on Sunday will be aware that I have been attempting to uncover what the former Chancellor of the Exchequer and editor of the Evening Standard has been up to since he joined the uber dealmakers at Robey Warshaw in April this year. Below is the link on the piece I wrote about his Osborne's (or lack of) activities:..
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...
The bizarre goings on at Solutions 30, the controversial France-listed Luxembourg-based outsourcer, continue, with the French regulator and Financial Times jumping onto the stock suspension story. Below is a link to Jamie Powell's (of FT Alphaville) excellent summary of the situation since Betaville last published Part 4 a week ago:..
Followers of little old Betaville's work might have noticed last weekend's front page business story in the Mail on Sunday's business section about The Analyst's bearish view on Deliveroo. Below is the link in case you missed it:
https://www.thisismoney.co.uk/money/markets/article-9482635/The-Analyst-warns-Deliveroo-dive-40.html..
Dealmaking seems to have gone into overdrive, with Microsoft making a $50 billion takeover approach for Pinterest, online-pinboard platform.
Well, that's according to rivals at the Financial Times. Below is a link to their execellent scoop:
https://www.ft.com/content/f88b8474-e791-4efb-a9f6-54c8222680fe..
The FT's brilliant deals team presents more evidence that dealmaking is continuing at a brisk pace despite the pandemic in a lengthy piece quoting top bankers and lawyers...