Betaville

Softbank-backed Fortress teams up with American billionaires to make £6.3 billion counter bid for WM Morrison - Part 3

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:..

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"Chinese walls"...

Mark Kleinman's piece about the private equity firms that looked and then ditched a counterbid for London-listed Inmarsat caught Betaville's eye today.

Loyal readers might be wondering why given the central premise of the story is that, er, nothing is happening.

Well, for a start pieces about old deals that never got off the ground can show future intentions, so for M&A watchers these stories can provide vital clues for the mosaic theory...

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