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 ben@betaville.co.uk. 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.

A Cypress Semiconductor update: company said to be working with Goldman Sachs on strategic options; three private equity firms circling - sources - The Series Returns

Wednesday, 29 May 2019, 5:10 pm

I see Betaville's rivals at Bloomberg have just revealed that Cypress Semiconductors is weighing a sale after receiving takeover interest. Below is a link to the Bloomie piece broken this afternoon:

https://www.bloomberg.com/news/articles/2019-05-29/cypress-semi-said-to-mull-sale-after-getting-takeover-interest..

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The British business hack and the £27 billion European mega-merger...

Wednesday, 29 May 2019, 9:50 am

The British aren't exactly popular on the continent at the moment thanks to the interminable Brexit negotiations.

There is, though, one Brit who has had a hand shaping one of the largest Franco-Italian corporate mergers of 2019.

Baroness Wheatcroft of Blackheath, also known as Patience Wheathcroft, is a non executive director of Fiat Chrysler, which this weekend was outed by the Financial Times as in merger discussions with France's Renault...

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Overseas rival said to be eyeing FTSE 100-listed Centrica, suggests The Sunday Times

Sunday, 26 May 2019, 11:34 am

Tucked away in the middle of The Sunday Times business section is a rather intriguing line in Oliver Shah's excellent commentary column.

"With Centrica’s shares trading at 92.8p, a price also reminiscent of another era (they last sunk to that level in the late 1990s), City scuttlebutt suggests at least one overseas rival is eyeing the FTSE 100 stalwart with a view to gaining a foothold in the British market."..

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Is Waggott being lined up as Thomas Cook's new chief executive?

Wednesday, 22 May 2019, 11:32 pm

Thomas Cook is under seige with City brokers, such as Citigroup, speculating the company's shares are worthless.

That has prompted a sharp sell off of the company's shares and bonds, which are now trading at distressed levels.

So, senior bankers have begun to speculate about what the company's tough chairman, Frank Meysman, might do to dig the company out of the hole it finds itself in...

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Betaville Intelligence

RARE ALERT: Inmarsat said to...- Part 3

Tuesday, 21 May 2019, 7:21 pm

Arbitrageurs breathed a huge sigh of relief after the Scheme of Arrangement to take Inmarsat private scraped through with just 78.9pc of shareholders giving it the green light.

So who was it that voted against the deal completing?

According to one mole, Norges - the Norwegiant investor that owns around 3pc of Inmarsat - voted against approving the Scheme.

There is also talk a well-known British institutional investor also disapproved although it's not clear why...

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Boatman Capital launches fresh tirade on Babcock International

Wednesday, 15 May 2019, 11:23 am

It would appear FTSE 250-listed Babcock International hasn't managed to scare off mysterious research house Boatman Capital.

The anonymous scribbler has just realsed a fresh negative note on Babcock International, arguing the company has to write down Defence Support Group (DSG) subsidiary, which was acquired for £148 million. Below is a link to the Boatman Capital wesbite:

https://theboatmancapital.com/..

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UNCOOKED ALERT: Iofina said to be working on a major equity fundraising - sources

Monday, 13 May 2019, 6:57 pm

Iofina, the Iodine and natural gas exploration company, is said to be working an equity fundraising.

People claiming to be familiar with the matter said Iofina is working on placing and the deal could be "imminent".

One person claimed new shares in Iofina, which today saw its stock jump almost 30pc to 32p, could be issued to investors at around 22p a share.

However, it's not clear how much capital Iodina is looking to raise...

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Tags: Iofina

The Buffett conundrum...- Part 2

Wednesday, 8 May 2019, 9:44 pm

When I'm in the office I often pick up Financial News, a trade rag that many years ago gave little old Betaville one of his first jobs in financial journalism.

So, when I turned to page 3 of the paper I was intrigued to read an editorial by David Wighton, former business editor of The Times, vehemently arguing that companies should jettison ALL corporate jets as they are an "incendiary issue and red rag for customers and employees"...

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[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].