Shire - there has been some side swapping by rainmakers.. -part 2
Does anybody else think it's curious that Francois Maisonrouge has suddenly vanished from the Takeda RNS statements re Shire?..
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Does anybody else think it's curious that Francois Maisonrouge has suddenly vanished from the Takeda RNS statements re Shire?..
And now it is on the tape:
DUBLIN, April 19, 2018 /PRNewswire/ -- In order to comply with the requirements of the UK Takeover Code, Allergan announced that it does not intend to make an offer for Shire...
There was plenty of high drama in the City today around the fate of FTSE 100-listed Shire, some of which wouldn't be too surprising to Betaville Intelligence readers. Below is a link to last Friday's Betaville Intelligence piece on Shire:
https://www.www.betaville.co.uk/betaville-intelligence/rare-alert-shire-said-to/..
As a freelance hack Betaville can't really afford to hang out in Richard Caring's uber smart eateries in Mayfair.
But maybe Betaville should because I was reminded today that so many big hitters frequent the retail entrepreneur's restaurants and clubs. Today, for example, at George - the Mayfair private members club - Betaville stumbled across a leading business journalist from a British national newspaper deep in converastion with a high-level contact...
There is another cracking column in the The Times on WPP today from former Telegraph colleague Alistair Osborne. Below is a link:
https://www.thetimes.co.uk/article/wpp-is-hit-as-fears-grow-of-break-up-fc2r5psk2
But this is a fast moving story, with the The Times business section splashing on the prospects for a break up for at the advertising juggernaut...
So, the WPP has finally announced that Sir Martin Sorrell has resigned!
But in another twist to this fascinating tale about the end of Sir Martin's reign the company decided to reveal this earth shattering piece of news late on a Saturday night, thereby screwing up the evenings of late reporters on Sunday newspapers...
Sad news: Iain Dey, business editor of The Sunday Times, is leaving business journalism for the world of financial PR.
His departure from the trade follows a long line of Betaville's former Telegraph colleagues - such as Damian Reece, James Quinn and Jonathan Sibun - joining the somewhat better paid (and, I suspect, better hours) world of corporate communications...
Betaville is another grump. After getting wind late in the day about an impending £1 billion takeover of bus and rail company First Group the company decided to announce an approach from American private equity house Apollo. Below is a link to First Group's announcement:..
Interesting story from rivals over Bloomberg about Global Infrastructure Partners looking to sell its stake in Gatwick Airport for I suspect quite a lot of money (think billions and billions). Below is a link:
Still following the travails at WPP?
If so, then Alistair Osborne's column in The Times from Saturday is well worth a read. I have pasted the link below:
Did anybody else notice that Jos Sclater, GKN's chief financial officer, sold almost £60,000 worth of shares yesterday?
Below is a link to the RNS on the share sale, which shows he sold 13,899 shares at £4.30:
https://www.investegate.co.uk/gkn-plc--gkn-/prn/director-pdmr-shareholding/20180406131642P3F44/..
I see former colleague Alistair Osborne, now business commentator surpremo at The Times, has picked up on Liberum's note about the possbility of WPP spinning off its Kantar market research division...
Advertising giant WPP is in the headlines today and not necessarily for the right reasons:
https://www.investegate.co.uk/wpp-plc--wpp-/rns/independent-investigation/201804040700027165J/
In fact, it was the venerable Wall Street Journal that broke the news last night about the independent investigation into Sir Martin...
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...
Hat tip to Betaville's friends over at The Insurance Insider who just about managed to publish their scoop about the Hanover Insurance Group preparing to sell Lloyd's of London insurer Chaucer for up to $1 billion...
Betaville is in a grump. Why? Well, this website prides itself on breaking the top M&A scoops but unfortunately I completely missed the exclusive about Takeda weighing a £35 billion takeover bid for FTSE 100-listed Shire...
[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].