The Australian Financial Review has written a rather peculiar but interesting comment piece arguing Rio Tinto and BHP Billiton should merge...
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. 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.
It would appear the "dullest $30 billion bid battle in history" is drawing to a close.
Bloomberg yesterday reported that Shire and Baxalta could announce a deal, partly funded by cash, this week. Here is a link to the Bloomberg article:..
Wow - Ian McVeigh of Jupiter Fund Management has written another column in The Sunday Telegraph criticising Royal Dutch Shell's £40 billion purchase of BG Group.
In case you missed it, here is the link:..
I see Geoff Foster has gone big on New Year's eve.
The veteran market reporter at The Daily Mail reveals in his final column of the year that Vodafone and US cable giant Liberty Global are likely to pursue a £140 billion merger in 2016 after talks were rekindled in the last few weeks.
To be clear, I'm none the wiser as to whether he is on the money with that one...
Rakesh Kapoor, chief executive of FTSE 100-listed Reckitt Benkiser, has been talking up the prospects of doing some major M&A in 2016.
Indeed, a few weeks ago Morgan Stanley analysts quoted Mr Kapoor as saying:
"If any of the interesting consumer-health assets were to come up for today, I believe Reckitt Benkiser has the capacity to do it. Any of them."
That's pretty punchy stuff from Kapoor...
There weren't many big deal stories in the British Sunday business press today but I guess that's to be expected given the time of year.
Still, there was one decent tale that caught my eye - Daniel Dunkley's piece in The Sunday Times about the major shareholders in Aveva pushing for a sale following the collapse of the Schneider deal. Here is a link to Dan's piece:..
There's still no formal statement from Comcast regarding ITV on a regulatory news service despite the US media company providing on-the-record denials to wire services.
Perhaps the well-spoken chaps over at Takeover Panel, the UK regulator for mergers and acquisitions, have knocked off for the year?..
The Times sports section had a great scoop this morning about a consortium of American investors closing in on a takeover of Everton Football Club. In case you missed it, here is a link to Rory Smith's story:
Could pub and restaurant operator Mitchells & Butlers see significant structural change in 2016?
The shares, down about 12pc on the year, have lagged rivals Greene King, up 25pc over 2015, and Marston's, up 17 over the year.
So, the company is under pressure to revitalise, especially as it has some pretty punchy shareholders, including Tottenham Hotspur backer Joe Lewis and Irish tycoons JP McManus and John Magnier...
Comcast gave some pretty punchy on-the-record quotes to Variety regarding its reported interest in ITV. Here is a link to the Variety piece:
Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer - part 3
I thought dealmaking in the UK was about to slow down until the New Year but today it would appear I may have been proved wrong.
Jon Rees, deputy business editor on the Mail on Sunday, reveals that Comcast, the US media giant, is weighing an £11 billion pound takeover bid for ITV after holding talks with the FTSE 100-listed broadcaster.
Here is a link to Jon's cracking story:..
The Stryker for Smith & Nephew rumour has returned roughly a year after Bloomberg was putting it about the market...
Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer - part 2
The Australian appears to have ripped off one my news lines (well, the one about Macquarie dropping out as a principal bidder) from the London City Airport story I published earlier this week...
I see micro cap Inspirit Energy has essentially confirmed my tale from earlier in the week. In case you missed it, I have pasted the main thrust of this morning's press release below:..
I have taken a lot of stick since I published my original article on Fagron, the Belgian pharmaceutical company, a few weeks ago...
Here's an interesting nugget about a little AIM-listed company chaired by one of the London market's most colourful dealmakers - David Lenigas...
Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer
I have a little update on the sale of every City dealmakers' favourite airport.
Ever since news of the £2 billion sale of London City airport broke in the Financial Times this summer bidders have been circling the asset.
Well, first round bids are in and Global Infrastructure Partners is now in the process of drawing up a shortlist of potential acquirers that will be taken into the next round...
Here is a link to my last session on Tip TV until the New Year:
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