A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.
State Street is planning a takeover bid to buy ailing Credit Suisse.
Well, that's according to Swiss title Inside Paradeplatz, which claims State Street is willing to pay 9 Swiss Francs a share for Credit Suisse. That's a whopping 40pc premium. Below is a link to the piece from Inside Paradeplatz:..
Hat tip to Neil "Neily" Craven, the Mail on Sunday's extremely hard working deputy city editor, who reported just over a week ago that Authentic Brands may "pull its bid" for Ted Baker, the London-listed fashion label.
Below are the links to Neily's piece and also the announcement from Ted Baker today...
On the tape this morning is a £1 billion potential offer for Biffa, the London-listed waste management company.
Energy Capital Partners has offered 445p a share for Biffa, which is a decent premium to yesterday's 325p closing price...
Splashed across the front page of The Sunday Times business section is a tale about ailing online food delivery firm Just Eat Takeaway.com, a company loyal Betaville readers know this website has been following closely...
Arch rivals at Bloomberg decided to follow up little old Betaville's UNCOOKED Alert on Acerinox earlier this week with their own version of the tale.
According to Bloomie, Aperam - a stainless steal maker spun of the Mittal family's Arcelor firm - is in talks with Acerinox about a deal. Below is the link to the Bloomie piece:..
Betaville feels it may be time to draw to a close this series poking fun at George Osborne and his newish employers at Robey Warshaw.
As loyal readers know, little old Betaville has been gently ribbing the former Chancellor of the Exchequer and his new partners at Robey Warshaw - the merger and acquisition advisory firm set up by London-based rainmaker Sir Simon Robey - since Osborne joined last year because he had failed to land any deals...
Unilever has finally confirmed feared American activist investor Nelson Peltz has a stake in the consumer goods giant and also that he is set to become a non-executive director at the FTSE 100-listed business.
Below is a link a to the confirmation after months of reports in the Financial Times Peltz was looking to accumulate a shareholding in Unilever. Below are the links to the relevant announcements:..
Con Coughlin turned up in The Daily Telegraph's Saturday business section with a story about Ultra Electronics, the London-listed defence company that is in the process of being acquired by Advent International-backed Cobham for over £2.6 billion.
The piece caught Betaville's eye because The Daily Telegraph's longstanding foreign editor rarely writes in the newspaper's business section about corporate stories...
Another week, another confirmation for little old Betaville.
This time FTSE 250-listed transport company FirstGroup said it has received a £1.2 billion takeover bid from infrastructure fund I Squared, thereby confirming yesterday's UNCOOKED ALERT. Below are the links:..
Speculation is mounting FirstGroup, the London-listed transport company, has attracted takeover interest.
People following the situation have heard rumours a mystery party is circling FirstGroup with a view to purchasing the business.
However, the indentity of the company interested in FirstGroup remains unclear, said these people following the situation...
Norwegian technology company Mercell has finally agreed to sell itself to American private equity firm Thoma Bravo, thereby confirming Betaville's sole RARE ALERT of 2022!..
Remember when Warren Buffett and Brazilian private equity firm 3G tried to buy Unilever for £115 billion?
That was back in 2017 when Bryce Elder, an intrepid stock market reporter from the Financial Times, broke the blockbuster scoop...
Quelle Surprise: Siemens Energy has finally admitted it plans to buy the remainder of Siemens Gamesa Renewable Energy SA, the Spain-listed wind turbine maker.
The former is offering EURO 18.05 a share to take full control of the latter. Have a look at the full press release for all the details:..
A big deal story broke yesterday evening in the US - Broadcom, the US-listed chipmaker, is said to be in talks to buy VMWare, a cloud computing company.
Well, that's according to reports at Bloomberg and the Wall Street Journal, which seem to suggest talks about a cash and stock deal are "advanced".
Below are the links to their pieces:..
[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].