Posts tagged: WM Morrison
Friday, 30 July 2021, 1:56 pm
Old Kleiny of Sky News has just delivered a follow up to yesterday's scoop on the Keepmoat deal.
Indeed, Mark appears to have rustled a couple of other names involved in the process. They are: Aermont Capital and Patron Capital, two less well known faceless private equity firms. Below is a link to the Kleinmanator's tale:..
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Thursday, 29 July 2021, 7:55 pm
You would think bidding for supermarket giant WM Morrison would be enough to keep the uber Wall Street dealmakers at Apollo occupied for a few months.
But Betaville's moles have revealed that Apollo, set up by controversial American financier Leon Black, is also in the running to buy Keepmoat, the homebuilder that sponsors Doncaster Rovers...
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Wednesday, 7 July 2021, 8:01 am
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...
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Monday, 5 July 2021, 8:39 am
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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Saturday, 3 July 2021, 8:54 am
WM Morrison's has just agreed to a counter offer from a consortium comprising the billionaire Koch family and Softbank's Fortress.
The Canada Pension Plan Investment board has also joined the group, who have offered 254p a share for Morrisons. Below are some of the highlights from the press release:
Summary and highlights..
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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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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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Saturday, 19 June 2021, 3:59 pm
Hat tip to Mark, the "Kleinmanator", Kleinman, who has just landed a corking scoop about Clayton Dubilier & Rice approaching WM Morrison about a £5 billion buy-out. Below is a link to Kleinman's story:
https://news.sky.com/story/buyout-giant-cd-r-weighs-5bn-takeover-of-supermarket-chain-morrisons-12336342..
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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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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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