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.

Bears maul Temenos ...

Friday, 16 February 2024, 8:14 am

Bears gave Temenos, the Switzerland-listed banking software company, a good mauling yesterday.

Activist short seller Hindenburg Research, led by Nathan Anderson, unleashed a scathing research note containing a vast list of seriously punchy allegations. For legal reasons those allegations can't be repeated in these pixels but if you want to read them all I have pasted the link below:..

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THG founder builds stake in THG activist ... - Part 4

Wednesday, 14 February 2024, 3:55 pm

Matthew Moulding continues to build his shareholding Kelso, the activist firm that has been pushing for a break up of THG, the London-listed online retail group set up by the controversial businessman.

Kelso, led by stockbroker John Goold, this morning declared that Moulding, who now owns City AM, has upped his shareholding to 8.4pc of the investment vehicle. Below is a link to the announcement:..

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Betaville Intelligence

UNCOOKED ALERT: Believe SA said to ... - Part 3

Monday, 12 February 2024, 5:41 pm

Apologies for tardy update Betavillers but I didn't notice that Believe had finally confirmed little old Betaville's UNCOOKED Alert from late last year.

In case you don't recall, little old Betaville published an UNCOOKED Alert about the takeover rumours surrounding the France-listed music services company Believe in early December 2023. Below is a link to that story:..

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Tags: Believe, EQT
Betaville Intelligence

UNCOOKED ALERT: Saras S.p.A said to ... - Part 9

Monday, 12 February 2024, 6:44 am

After months of wrangling among various parties the Saras takeover deal is set to happen.

The Moratti family is selling its 35pc shareholding to Vitol for EURO 1.75 a share, which will trigger a mandatory offer from the Switzerland-based Dutch commodity trading house for the rest of the Italian oil refiner at the same price.

So that's not quite the EURO 2.2 a share reported by the Italian newspapers last week!..

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Tags: Saras, Vitol

Diamondback Energy poised to acquire Endeavour Energy for up to $30 billion, reveals the Wall Street Journal

Monday, 12 February 2024, 6:14 am

Consolidation among the medium-sized oil producers continues unabated.

Diamondback Energy is set to buy privately-owned Endeavour Energy for up to $30 billion, according to the Wall Street Journal.

The newspaper added a deal could be announced as early today. Below is a link to the WSJ report:..

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Betaville Intelligence

UNCOOKED ALERT: Saras S.p.A said to ... - Part 8

Friday, 9 February 2024, 8:06 pm

So, the Moratti have finally confirmed what loyal readers of this website will have known for quite some time - that talks about a potential deal involving Italian oil refiner Saras are taking place.

Today's statement came after a report in Italian newspaper MF revealed that commodity trader Vitol had offered to buy the Moratti's stake in Saras at EURO 2.2 share.

Below is a the full statement from Saras:..

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Tags: Saras
Betaville Intelligence

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

Wednesday, 7 February 2024, 7:46 am

Sometimes it takes a few hours and sometimes it takes a few weeks for little old Betaville's alerts to be confirmed.

With Redrow, though, it took two and a half years.

Loyal readers might recall that back in the summer 2021 little old Betaville published a RARE Alert about the takeover rumours surrounding FTSE 250-listed housebuilder Redrow, whose founder Steve Morgan is the largest shareholder...

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Barratt Developments snaps up Redrow for £2.5 billion in stock

Wednesday, 7 February 2024, 7:24 am

Consolidation in the British housebuilding sector has been talked about for a while but nobody believed it would actually happen.

But now it actually has with Barratt Developments announcing a £2.5 billion all-share takeover of smaller rival Redrow.

Barratt Developments is offering 1.44 new Barratt shares for every Redrow share which currently values the latter at just over £2.5 billion or around about a 27pc premium to Redrow's share price at yesterday's close...

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Jollyes owner said to be working with bankers on potential multi-million pound sale - sources - Part 3

Tuesday, 6 February 2024, 9:43 am

It seems little old Betaville owes rival business hack Josh O'Neill an apology.

I thought I was the first to discover late last year that British pet food retailer Jollyes had appointed advisers from Houlihan Lokey to find a buyer for the business.

However, it turns out O'Neill - who works for Debtwire and Mergermarket, little old Betaville's former employers back in the mid Noughties - revealed the scoopette first...

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Blackstone said to be considering takeover bid for L'Occitane, reveals Bloomberg

Monday, 5 February 2024, 6:36 pm

Hacks at Bloomberg have dug out another decent scoop about Hong Kong-listed skin care group L'Occitane.

According to Bloomberg, the private equity giant has been considering preliminary due diligence as it evaluates a potential offer while also considering the possibility of teaming up with L'Occitane’s billionaire chairman Reinold Geiger on a buyout...

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Novo Nordisk backer buys Catalent for $16.5 billion

Monday, 5 February 2024, 11:24 am

It would appear pharmaceuticals and biotechnology is still a fertile industry for dealmaking.

Novo Holdings, the largest shareholder in Danish drugs giant Novo Nordisk, just announced the $16.5 billion takeover of US-listed Catalent, provider of delivery technologies, development, drug manufacturing, biologics, gene therapies and consumer health products...

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Fiat and Peugeot owner said to be in merger talks with Renault, claims Il Messaggero

Monday, 5 February 2024, 9:56 am

There is a frisson of excitement around Renault's shares this morning after an Italian newspaper suggested it may be in talks about a deal with Stellantis, whose car brands include Fiat, Peugeot and Citroen.

Italian rag Il Messaggero claims France is considering a merger between the two to strengthen its grip on the sector and counter Chinese and German competition. Below is a link to the piece if you read Italian:..

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Where is maverick Mike on Superdry?

Saturday, 3 February 2024, 8:32 am

Hat tip to Isabella Fish of The Times for effectively smoking out Julian Dunkerton's plans to take Superdry private.

Superdry was yesterday forced to confirm Dunkerton's move after Isabella's story about stakebuilding from First Seagull AS, a Norwegian hedge fund. Below is a link to Superdry's confirmation:..

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Betaville Intelligence

UNCOOKED ALERT: Covestro AG said to ... - Part 2

Friday, 2 February 2024, 4:57 pm

Loyal readers might recall little old Betaville published an UNCOOKED Alert a few weeks ago about how Covestro's sale talks with the Abu Dhabi National Oil Corporation weren't going that well.

That resulted in little old Betaville getting it in the neck from a variety of quarters and some of it was in rather foul language...

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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].