It's been a while since I have written anything on Quindell so I thought I would put together a piece for loyal Betaville readers and followers of the company. ..
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.
I see bankers at Bank of America Merrill Lynch were involved in helping the British government place some of its stake in the Royal Mail last night, raising around £750 million for taxpayers...
Fosun said to have approached Alleghany about buying division/s; Swiss Re also believed to be circling US insurance group - part 2
I see The Insurance Insider is backing up one of my tales from a couple of weeks ago...
Zak Mir, the man who knows all about the Basque country, interviewed me on Tip TV this morning. Here is a link to today's show:
BOOM: Bloomberg reporting Liberty Global in talks with Vodafone about $200 billion plus merger - part 2
Apologies - I would have posted earlier but I have been out all day...
Yes - Bloomberg is reporting tonight what I have written in the headline. Here is a link to the Bloomie story:..
Roche back in the market for deals, according to dealReporter; no comment re BioMarin and PTC Therapeutics
Avid followers of the dealmaking frenzy in the pharmaceutical sector might want to take a look at piece on Roche Holding published a few days ago by dealReporter...
Evonik Industries said to have lined up multi-billion EURO/CHF debt financing package for acquisition deal; Clariant primary takeover target
Clariant's shares were down almost 5pc yesterday after Evonik's largest shareholder appeared to shoot down the likelihood of the German company making a move on the Swiss chemicals group. ..
As I suspected, Cash magazine has got the wrong end of the stick.
Today's weakness in Clariant's shares can largely be pinned to comments from Evonik's biggest shareholder, who appears to be playing down a deal to reporters at Bloomberg.
Click on the link below to see the Bloomberg piece:..
Swiss chemicals company Clariant is taking a bit of a pasting this morning - shares down almost 4pc - thanks to Cash magazine, the Swiss media group that once attempted a piss poor hatchet on me after I broke the story about the Agnelli's interest in buying a stake in Swiss Re.
Cash is reporting via Twitter:..
Apologies for the tardy posting - I have been out all day looking for jackanories.
Anyway, here is today's Tip TV clip with the my pal Nick "Moose" Batsford.
RARE ALERT: Sonova Holding AG said to be working with M&A bankers to examine 'strategic options'; could lead to sale
In case you hadn't noticed, there is a pharmaceutical/healthcare dealmaking frenzy at the moment.
And the latest tale doing the rounds is about a Swiss hearing aid manufacturer Sonova, whose market capitalisation currently stands at CHF 10 billion (circa £7 billion).
According to my people with the info, Sonova has started working M&A bankers JP Morgan on a 'strategic review', which may lead to a sale of the company. ..
Fosun said to have approached Alleghany about buying division/s; Swiss RE also believed to be circling US insurance group
I'm hearing from top sources that Fosun, the fast growing private Chinese conglomerate, is interested in buying parts of Alleghany Corporation, the US-listed insurance group...
de-RARED: Microsoft said to be in the early stages of examining multi-billion dollar takeover bid for BlackBerry - part 3
I have decided to "de-RARE" or rather remove the RARE tag from my Microsoft/BlackBerry story/series after speaking to a few more decent sources about the tale.
Don't, however, get too excited. I still believe Microsoft is in the "early stages" of looking at BlackBerry with its bankers at Deutsche Bank and Goldman Sachs.
For readers that don't understand what RARE is, here is the definition:..
It's always good to see little old Betaville's stories backed up by prestigious national newspapers.
Regular readers might be aware that a couple of weeks ago I wrote a piece about how FTSE 100-listed insurer Legal & General had hired specialist advisory firm Campbell Lutyens to divest its private equity arm, LGV Capital, and the buy-out group's stakes in portfolio companies, such as Snow + Rock.
Here is a link to my story:..
I realise this isn't a business story but Hugo Rifkind's my week column in today's The Times made me chuckle. If your looking for a laugh over the weekend, Rifkind's column is definitely worth a read:
RARE ALERT: Microsoft said to be in early stages of examining multi-billion takeover for bid for Blackberry - part 2
David Faber of CNBC fame has just released an interesting report on how Microsoft held $50 billion plus takeover talks with Salesforce in early May that eventually fizzled out over price. Here is a link to Faber's piece:
I'm presuming the fact that the deal with Salesforce has fallen over paves the way for Microsoft to have a crack at Blackberry.....
Croda International's shares perked up 3pc in late afternoon trade after Reuters/ Digital Look reported Germany's Evonik may interested in the London-listed company...
Omnicare's shares spiked into the US close last night. I have been told the market will see a deal announcement soon regarding the US-listed pharmacy services company...
RARE ALERT: Evonik said to have rekindled interest in EURO 25 billion merger with Royal DSM - part 2
I see Evonik has been talking about M&A at the company's AGM today...
[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].