Betaville

ABRDN Property Income Trust and Custodian Property Income REIT in £538 million all share "merger"

Consolidation among London-listed REITs continues.

This morning Custodian Property Income REIT is acquiring ABRDN Property Income Trust for £237 million with its own stock, which is a premium of around 30pc.

It looks like Custodian Property Income REIT's shareholders will end up with the lion's share of the equity in the new company, so I'm not sure this really is a "merger" as billed in the announcement...

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French predator pounces on Wincanton with £765 million takeover bid

The first fully fledged new takeover deal of a sizeable UK-listed company of 2024 has just been announced this morning.

France-based Ceva Logistics has had a 450p a share - or around £765 million - takeover offer for haulage and logistics group Wincanton recommended by the the London-listed company's board...

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Is the Irish billionaire beef baron building up a stake in Crest Nicholson?

Little old Betaville isn't a great fan of headlines with a question mark in them.

But sometimes they serve a purpose, such as in this case about a mysterious stakebuilding taking place in London-listed housebuilder Crest Nicholson.

A loyal reader got in touch to point out that Jersey-based vehicle called Shanlis Investment Unlimited has quietly accumulated a 6pc shareholding in Crest Nicholson...

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The former Chancellor of the Exchequer, the boutique investment bank firm and, er, insert anything they are both involved with here... - the series returns - Part 6

Little old Betaville has been ruminating on the Genteel Hustler's excellent scoop in yeseterday's The Sunday Times about Redbird IMI hiring Robey Warshaw to get its takeover of The Daily Telegraph over the line with the British regulators. Below is a link to Genteel's (also known as the William Turvill) scoop in case you missed it:..

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The former Chancellor of the Exchequer, the boutique investment bank firm and, er, insert anything they are both involved with here... - the series returns - Part 5

The Genteel Hustler has been hustling hard.

Genteel - also known as William Turvill, a reporter on The Sunday Times business section - has just landed a cracking story about how Redbird IMI, the investment vehicle backed by the United Arab Emirates, has recruited advisory the advisory firm that counts George Osborne as one of its partners to try to get its takeover of The Daily Telegraph, littld old Betaville's former employer, over the line...

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Hewlett Packard Enterprise in advanced talks to buy Juniper Networks for $13 billion, reveals the Wall Street Journal - Part 2

Deal hacks at the Wall Street Journal are on a serious hot streak.

Last night Juniper Networks and Hewlett Packard Enterprise confirmed the WSJ's scoop from earlier in the week about a takeover of the US-listed networking company for $40 in cash or around $14 billion by the latter. Below is the link to the announcement:..

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Hewlett Packard Enterprise in advanced talks to buy Juniper Networks for $13 billion, reveals the Wall Street Journal

Hacks at the Wall Street Journal have a got a bit between their teeth, delivering yet another major takeover scoop.

This time the deal team at WSJ are reporting that Hewlett Packard Enterprise is in "advanced talks" to purchase US-listed networking company Juniper Networks for $13 billion.

Yes that's the same Juniper Networks that was rumoured in 2017 to be takeover target for Finland's Nokia. Anyway, below is a link to the WSJ's scoop:..

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GlaxoSmithKline splashes out $1.4 billion on Aiolos Bio, Inc

Another day, another biopharmaucetical takeover by a major pharmaceutical company.

This time it's the turn of FTSE 100-listed GlaxoSmithKline, which is paying $1.4 billion for Aiolos Bio, Inc, a clinical-stage biopharmaceutical company developing treatments for respiratory and inflammatory conditions.

Below is the link to this morning if you would like to read all the details of the transaction:..

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Biotechnology double deals ... - Part 2

A string of US-listed biotechnology deals have been announced today.

They include: Boston Scientific's $3.7 billion acquisition of US-listed medical technology company Axonics and Merck's $680 million takeover of Harpoon Therapeutics.

Also, announced today was Johnson & Johnson's $2 billion acquisition of US-listed biopharmaceutical company Ambrx. Below is the link to that deal announcement:..

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Weekend review on a Monday: Centrica, easyJet and Chesapeake Energy...

Colleagues at The Sunday Times wheeled out a bunch of UK deal predictions ahead of the first full working week of 2024.

In a piece headlined "Britain for sale" laid out across pages 2 and 3 of the business section Oliver Gill, Jon Yeomans and Laith Al-Khalaf wrote a lengthy feature about potential takeovers involving London-listed companies this year...

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Synopsis Inc said to be in advanced talks to buy Ansys Inc for $35 billion, reveals the Wall Street Journal

Hacks at the Wall Street Journal have just dug out another good line about the Ansys takeover talks with Synopsis.

According to the WSJ, the two design software companies are in "advanced" talks with Synopsis looking to acquire Ansys Inc for about $400 per share, around $35 billion, in a cash-and-stock deal that could be one of the first big tech transactions of the new year...

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Chevron may launch a takeover bid for BP, suggests Kleinman in City AM - Part 2

Another day, another BP takeover rumour.

This time it's the Daily Mail's turn to report on the rumours circulating the London market.

The rumour in the Daily Mail is eerily similar to the one aired by Mark "The Kleinmanator" Kleinman in City AM early this week about potential interest from Chevron and Royal Dutch Shell.

Still, if you want to read the Daily Mail piece I have pasted the link below:..

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