Reuters have gone early with the Anglo American counter bid story, suggesting Glencore is 'studying' the possiblity of submitting a rival approach for Anglo American.
The Reuters story follows some well timed comment piece by little old Betaville's chum Oliver "Shahsy" Shah of The Sunday Times, who suggested Glencore was the most lilely counter bidder
Below is a link to the Reuters piece:..
Mark "The Kleinmanator" Kleinman of Sky News has been on a bit of roll in recent weeks (although not sure he can claim the bragging rights for the Banco de Sabadell takeover bid story - wink wink) so I thought it might be worth pointing out some of the most interesting nuggests from this week's City AM column...
The race is on among financial commentators to call (or figure out, if you are a news hack) who will make a counter bid for Anglo American, the FTSE 100-listed mining company under siege from rival BHP Billiton.
Yesterday, Oliver "Shahsy" Shah of The Sunday Times went early with his bold prediction that Glencore will be the interloper to come up with a rival offer for Anglo American. Below is the link to Shahsy's piece:..
Arch rivals at Bloomberg have just broken a rather large story that little old Betaville was also chasing this late afternoon.
According to Bloomie, BHP Billiton has recently been "evaluating the possiblity" of takeover bid for FTSE 100-listed Anglo American. Below is a link to the story: ..
Punchy stuff from The Times.
The front page hamper story appear to be suggesting that FTSE 100-listed mining group Anglo American - whose shares have halved since Duncan Wenblad took charge - could become a takeover target, possibly for Glencore.
Now, to be fair The Times is basing the story on, er, a theory from a Jefferies analyst...
Betaville notes Boatman Capital has finally released its latest short selling report via yesterday's The Sunday Telegraph.
The target of Boatman's ire is coal miner Thungela Resources, which is being demerged from London-listed mining giant Anglo American.
Boatman reckons Thungela may be worthless. Below is a link to the research outfit's report explaining why it has placed a zero price target on the company:..
Anil Agarwal is now allowed to bid for Anglo American.
Now, to be clear Betaville has no idea whether the wily mining tycoon, who chairs Vedanta Resources, is actually planning to bid for Anglo American...
Well, you may have noticed that today's Mail on Sunday business splash on William Hill and Entertainment One carried my by-line. That's because I was doing some freelance work for the paper last week. In case you missed it, here is the link:..
Here is something to cheer you up on a dreary Monday - this morning's Tip TV session with the mischevious Zak Mir. I have pasted the link below: