Posts tagged: WM Morrison

That Lone Star bid for Senior...

Thursday, 24 June 2021, 8:40 pm

There is something curious going on in the London market with this recent string of private equity bids for London-listed companies.

Betaville noticed that Senior's shares are still hovering around the 150p level despite the collapse of talks with American private equity suitor Lone Star.

Prior to Lone Star's approach becoming public Senior's shares were trading around 100p. The stock got up to around 165p as Lone Star improved its indicative offer to 200p...

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Clayton Dubilier & Rice weighs £5 billion plus takeover bid for WM Morrison Supermarkets, reveals Sky News - Part 2

Monday, 21 June 2021, 11:06 am

Commentators, journalists and analysts were out in force this morning adding their two pennies worth to the weekend's most exciting corporate news event, airing all sorts of (potentially wild) speculation about rival offerors for WM Morrison.

For excample, George MacDonald, executive editor of Retail Week, turned up on Dominic O'Connell's BBC Radio 4 slot this morning to talk up the chance of Amazon mounting a counter bid...

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Supermarket sweep... - Part 2

Tuesday, 19 January 2021, 12:11 pm

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...

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The £12 billion supermarket merger, the advisor and the rival...

Thursday, 21 February 2019, 9:59 pm

I see former The Sunday Times colleague, Simon Duke, is being rather mean to NM Rothschild banker Majid Ishaq in today's business diary in The Times.

Dukey gently mocks Ishaq, the man in charge of advising Asda on its merger with J Sainsbury, for a potential loss of a multi-million pound success fee after it became clear the CMA is likely to block the mega deal. Below is a link to Simon's piece:..

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What do WM Morrison and Marks & Spencer both have in common (apart from being large food retailers)?

Thursday, 15 November 2018, 9:45 am

The answer is: a corporate broker (an English concept whereby a company retains an investment bank to be its "interface" with the stock market).

Yes, Betaville learned last night whilst out a top quality party packed with City grandees (such as Lord Myners, former chairman of Marks & Spencer), investment bankers and chief executives that Shore Capital had displaced Citigroup as corporate broker to Marks & Spencer...

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As(s?)bury

Sunday, 29 April 2018, 11:50 am

So ... it turns out J Sainsbury is in merger talks with Walmart's Asda to create a £15 billion supermarket giant.

But who "broke" story, arguably one of the biggest UK deal scoops of the year?..

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