Quelle surprise - Anheuser-Busch Inbev, the world's largest brewer, has finally coughed up to what I have been banging on about for the whole of 2015. That ABI wants to buy SAB Miller, the maker of Peroni and Grolsch, for almost £75 billion (that's a rough figure by the way)...
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 firstname.lastname@example.org.
SAB Miller shares are sharply up this afternoon - almost 4pc at pixel time.
Some readers might be wondering why.
Well, from what I can tell tongues are wagging in the Square Mile amid rumours Altria - the US tobacco company that owns 26pc stake in SAB Miller, according to Bloomberg data - has just pulled out of a Bank of America Merrill Lynch conference. ..
I got the opportunity to apologise to the charming Zak Mir for my irritability on the show a couple of weeks ago.
It would appear the sale of Reed & Mackay, the corporate travel agent favoured by some of the City's most prestigious firms, has been called off.
I'm hearing from good sources ECI Partners, the private equity firm that owns Reed & Mackay, has pulled the auction after appointing bankers from NM Rothschild to run a sale process to raise £100 million.
Here are links to some of previous Betaville posts on the topic:..
It sounds like the sale of Private Equity International, a publication favoured by many of the City's lawyers, bankers and buy-out executives, is moving towards completion...
London City Airport has already generated a fair degree of interest since it first emerged its owner Global Infrastructure Partners had put it up for sale for £2 billion a couple of months ago.
Indeed, it would appear three consortia have already emerged as likely bidders for the airport at the end of the Docklands Light Railway. Those consortia are:
1. A consortium comprising Canadian pension fund Borealis and Allianz, the German insurer...
Enough is enough - it's time to start a "top of the market" series.
Why? Because there was another clear sign today (in my humble opinion) that UK is in the midst of a raging bull market, which normally means the economy is peaking (give or take eighteen months).
This afternoon US private equity giant KKR bought a 25pc stake in Marshall Wace, the hedge fund founded by Paul Marshall and Ian Wace. ..
I'm glad to see Canadian pharma company Concordia Healthcare Group has finally confirmed my piece of juicy RARE from a few days ago with the announcement that it's spending $3.5 billion to buy Amdipharm Mercury from UK private equity firm Cinven...
So - Mitsui Sumitomo has announced this morning a £3.5 billion cash takeover offer for FTSE 250 insurer Amlin. Here is the link:..
It looks like the Nikkei's purchase of the Financial Times is working out well for both news outfits when it comes to landing M&A scoops.
The Japanese paper has just broken the story that FTSE 250-listed Lloyd's of London insurer Amlin is about to get taken over by Mitsui Sumitomo, and as a result the Pink' un is the the first to report the news over here in Blighty.
In case you missed it, here is the link:..
I might have been a bit irascible on Tip TV last week but Moose & Co invited me back for another session and I'm very grateful.
Here is a link to today's session:
Nils Pratley over at The Guardian today states Shire's attempt to buy US rival Baxalta is the "dullest $30 billion bid battle in history". Here is a link to Nils's excellent column:..
A juicy piece of RARE has just turned up.
Here is a link to today's chat with Zak Mir about what's happening in the UK M&A market at the moment.
Dom Walsh had an interesting take in the Bwin bid battle situation in this morning's The Times, with GVC suggesting it could go hostile should the board stick to its recommendation of a lower offer from 888 Holdings.
Here is a link to Dom's piece:
Great to see The Daily Telegraph's Alex Masterley cartoon back from holiday and on cracking form - today's piece really did make me chuckle. Here is a link to his brilliant cartoon:..
I can't claim to have been following the Bwin bid battle between 888 and GVC in too much detail since it began in earnest a few months ago.
But today it would appear the Bwin board is sticking by its recommendation of 888's offer despite having received a higher takeover proposal from GVC.
As a result, quite a few investors are scratching their heads, wondering why Bwin's board is sticking by its recommendation. Food for thought.....
It's been a while since I have had the opportunity to have a chat with my old friend Zak Mir, so if your interested in catching up on we had to say about dealmaking during the recent stockmarket rout click on the link below:
This latest global stockmarket rout seems to have had little impact on the booming M&A market, with Betfair announcing a £5 billion merger with Paddy Power this morning and Schlumberger striking a deal to purchase Cameron International in the US for $14.8 billion...
[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].