Rivals at the The Times have landed a cracking tail about how J Sainsbury has appointed uber dealmakers Robey Warshaw as its new "defence" advisor amid speculation it might soon be on the receiving end of a takeover offer (read Betaville's part 1, 2, 3 and 4 if you need reminding of the bid rumours)...
It would appear my old boss Alistair "Mr Acerbic" Osborne has the most sensible things to say about the Apollo - J Sainsbury bid tale circulating the London market...
Sainsbury's shares closed up around 15pc at 340p following the The Sunday Times "scoop" about Apollo going for the supermarket instead of Morrisons.
The thing is: there has been no confirmation from Apollo that it is consdering an offer.
Betaville assumes that for the moment Apollo's interest is simply not that serious, so doesn't warrant the typical confirmation required under Takeover Panel rules...
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..
I see my former boss and colleague Alistair "Acerbic" Osborne is today in The Times talking up the prospects of a potential takeover bid for J Sainsbury following the private equity bid battle for rival WM Morrison...
There was a piece on the front page of yesterday's The Sunday Telegraph business section that caught Betaville's attention as it was eerily similar to Friday's UNCOOKED Alert on J Sainsbury...
Will Canadian retail giant Couche-Tard take a look at a British grocer after being spurned by the French?
That's the question I asked myself, and a few investment banker chums after it emerged over the weekend that Couche-Tard's attempt to buy Carrefour had spectacularly failed within a few days of it being launched...
Poor old Robert Tchenguiz. Yesterday, the property entrepreneur said he had sold his 6pc shareholding in FirstGroup, the bus and rail company he has been pushing to break itself up by spinning off its US businesses...
Robert Tchenguiz, the property entrepreneur and onetime corporate raider, isn't just content with building a substantial shareholding in FTSE 250-listed bus and rail company FirstGroup.
Today, Aim-listed Ubran Exposure revealed Mr Tchenguiz has built up a 9.15pc shareholding in the property development finance company. Below is the link:..