I see US financial news aggregator Benzinga is once again completely mis-representing little old Betaville's paywall protected Betaville Intelligence articles...
A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at email@example.com.
Pembridge Resources is pressing ahead with its standard listing move and little old Betaville understands the bookbuilding process has already started.
That's bad news for AIM, which has seen the number of companies listed on the junior market decline over the last decade. According to the London Stock Exchange's website there were 1694 companies listed on AIM in 2007 and that has fallen almost every year since then. ..
Revealed: Saudi Arabian diplomat takes legal action over £25 million for 'missing skyscraper' - part 2
Tucked away on page 3 of the news pages of today's business section in The Sunday Times is a little item from one of my favourite hacks, the multi award winning Oliver Shah, about how Credit Suisse and a Saudi Arabian diplomat have settled a multi-million pound lawsuit over an investment in involving a skyscraper development in London's Docklands. Here is the link:..
Stockmarket cassandras at Bank of America Merrill Lynch and JP Morgan were out in force yesterday, warning of impending market crash.
So, several leading British newspapers, such as The Times, took those warnings seriously by splashing their business sections on the strategists' gloomy predictions. Here is a link to today's piece in the The Times: ..
Aveva, the software engineering company, is said to be preparing its defences ahead of a potential approach from a mystery suitor.
Some sources claiming to be familiar with the matter suggested French giant Schneider Electric is once again weighing a deal with London-listed Aveva.
However, one banker close the situation said: "it's not clear how 'real' this situation is."..
There is a fun piece in The Times today from Martin Waller about leaks on M&A deals. Yes, you read it correctly - leaks!
Waller's intro made me giggle, so here is the link if you missed the tale from the old hack:
If you have a spare five minutes at lunch then give Alistair Osborne's column in the The Times a read...
I see almost all of the business sections of the quality British newspapers ran with the Amazon-for-Ocado bid rumour today, with some publications even dedicating a whole page lead to the takeover speculation.
No surprises, there, I suppose. Amazon's sensational $13.7 billion move on Whole Foods in the US late last week has got tongues wagging in the Square Mile about how the American online retail giant plans to take on the British grocery market...
Little old Betaville is in a particularly good mood this morning as another Intelligence scoopette has been confirmed.
This morning German broadcast giant Prosiebensat1 announced it has sold online travel Etraveli to CVC Capital Partners, one of Europe's largest private equity firms, for just over EURO 500 million. Here is a link to the Financial Times piece on the news:..
Mark Dixon, the Monaco-based billionaire, last night sold over 27 million IWG (formerly Regus) shares at 345p a share, making himself almost £100 million.
I guess that puts paid to the idea that Dixon, the founder of IWG and largest shareholder, is currently in talks with various bidders, which is what was reported last week by little old Betaville's rivals...
John McIntyre is once again set to return to the dealmaking coalface.
The City veteran and wily rainmaker spent the last thirty years on the UK dealmaking scene as head of UK M&A at Lehman Brothers, Dresdner Kleinwort (when it actually did large deals) and Royal Bank of Scotland before it gave up on takeover advisory work.
Some of his deals include advising Railtrack on its defence against its controversial takeover of Network Rail...
I see the US financial news aggregator services, such as Benzinga, are trying to re-publish little old Betaville's paywall protected Intelligence articles by second guessing what the content is saying from part of the headline that is available to the public.
Well, that's a dangerous game to play and does a great disservice to their readers...
The dynamic Danas over at the venerable Wall Street journal dug out a cracking scoop late yesterday about Sweden's Hexagon AB weighing a $20 billion sale of the business. Here is the link in case you missed it:
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