UNCOOKED ALERT: MoonLake Immunotherapeutics said t..
Tuesday, 5 December 2023, 3:14 pm
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.
UNCOOKED ALERT: Ascential said to ... - Part 2..
Monday, 4 December 2023, 3:01 pm
Sunday review on a Monday: 888 Holdings, Playtech and Hawaiian Airlines ...
Monday, 4 December 2023, 8:26 am
Shares in 888 Holdings have leapt more than 10pc this morning following Oliver Gill's scoop in The Sunday Times this morning about a secret takeover bid from Playtech in July pitched at 156p a share.
Hat tip to the intrepid hack for digging that scoop out - for reasons I won't go into now it's getting harder and harder these days for business reporters to find genuine scoops of that ilk. Below is a link to Olly's piece:..
THG founder builds stake in THG activist ... - Part 2
Friday, 1 December 2023, 2:43 pm
The plot thickens with Matt Moulding's stakebuilding in Kelso Group.
This morning it has emerged that Angus Monro, the former chief executive of Matalan, has also bought a 3pc stake John Goold's Kelso Group, the activist investment vehicle pushing for a strategic change at THG. Below is a link to the announcement:..
Tags: THG, Kelso Group
UNCOOKED ALERT: Worldline said to ... - Part 6
Friday, 1 December 2023, 1:58 pm
Arch rivals at Bloomberg have followed up on the Worldline rumours that were circulating last week with their version of the tale.
According to Bloomberg, French bank Credit Agricole is looking at buying a sizeable stake in Worldline, the French payments processing company. Below is a link to the Bloomie piece:..
RARE ALERT: ImmunoGen, Inc said to ... - Part 2
Thursday, 30 November 2023, 12:41 pm
Abbvie has just announced it has bought ImmunoGen, Inc for $10.1 billion in cash. Below is a link to the press release:
Tags: ImmunoGen, Inc, AbbVie
UNCOOKED ALERT: Farfetch said to ... - Part 4
Thursday, 30 November 2023, 10:58 am
Ooof!
Shares in Farfetch, the US-listed online fashion retailer, collapsed 50pc the day after they went up 20pc on the story from The Daily Telegraph about the founder's plot to take the company private.
What caused yesterday's collapse in the share price?..
THG founder builds stake in THG activist ...
Thursday, 30 November 2023, 9:54 am
Here is an interesting twist on the whole THG/Matt Moulding versus the stockmarket story.
Moulding, the founder of online retailer THG who has repeatedly criticised City of London investors since floating on the London market, has bought a 3.2pc in Kelso Group, which is run by the well known stockbroker John Goold. Below is a link to this morning's announcement:..
Tags: THG, Kelso Group
Cigna and Humana in talks about a $140 billion merger, reveals the WSJ
Wednesday, 29 November 2023, 8:49 pm
Deal hacks at the Wall Street Journal have landed another whopper.
According to the WSJ, American health insurance giants Cigna and Humana are in talks about a cash and stock merger.
The mega merger might be finalised by the end of the year, reports the WSJ. Below is a link to the story:..
UNCOOKED ALERT: Farfetch said to ... - Part 3
Wednesday, 29 November 2023, 9:55 am
It would appear little old Betaville's former employer, The Daily Telegraph, isn't just interested in takeover stories about the newspaper itself.
Slapped across the front page of today's business section is a scoop about how the founder of US-listed online fashion house Farfetch, Jose Neves, is weighing a take private of the business. Below is a link to the story, which boosted Farfetch's share by around 20pc:..
Tags: Farfetch, The Daily Telegraph
UNCOOKED ALERT: Infrastruturre Wireless Italiane S..
Tuesday, 28 November 2023, 3:36 pm
UNCOOKED ALERT: Digital 9 Infrastructure PLC said to ... - Part 7
Monday, 27 November 2023, 7:05 pm
It would appear Digital 9 Infrastructure, the beleguered London-listed investment trust, has confirmed in roundabout way little old Betaville's "Part 6" installment of this takeover rumour saga...
Tags: Digital 9 Infrastructure
UNCOOKED ALERT: Worldline said to ... - Part 5..
Friday, 24 November 2023, 3:28 pm
Yorkshire Water owner said to be working with Goldman Sachs to find a buyer for a multi-million pound stake - sources
Thursday, 23 November 2023, 4:50 pm
It sounds like the owners of Yorkshire Water are gearing up for another attempt at selling their stakes in the water company.
City sources told little old Betaville that Corsair Capital - which owns 30pc of Kelda, Yorkshire Water's holding company - is working with the sharp suited types at Goldman Sachs to find a buyer for its shareholding...
Sachem Head and Dendur build takes in Entain, reveals the FT
Wednesday, 22 November 2023, 7:10 pm
Hacks at the venerable Financial Times have dug out a good scoop about Entain, the FTSE 100-listed owner of Ladbrokes.
According to the FT, activist hedge funds Sachem Head and Dendur have built sizeable positions in Entain, which has seen its share price underperform since Jette Nygaard-Andersen became chief executive of the business.
They join Eminence Capital, another Wall Street activist, on the Entain register...
UNCOOKED ALERT: Adevinta ASA said to ... - Part 3
Wednesday, 22 November 2023, 9:34 am
So, Norwegian media group Adevinta ASA has finally confirmed the details of the EURO 14 billion takeover offer from a consortium led by American private equity house Blackstone. Below is a link to the details of the deal:
Canaccord Genuity's Quest gets shorty... - Part 2
Tuesday, 21 November 2023, 4:10 pm
The bears are really out in force today.
Now, Cannacord Guity's crack Quest unit, led by the well respected James Congdon, have released their latest short idea - Intertek, the FTSE 100-listed inspection and testing giant.
Scribblers at Quest argue: "We believe Intertek’s valuation does not reflect the fall in Cash Flow Returns on Assets"...
Bears maul CPI Property Group S.A...
Tuesday, 21 November 2023, 7:47 am
Property companies are very much in vogue at the moment for the stockmarket's most ferocious bears.
Lask week activist short seller Viceroy went public with a mauling of Arbor Realty Trust while this morning Muddy Waters - led by uber bear Carson Block - has declared it is short the credit of CPI Property Group S.A, the European property company with operations in the Czech Republic, Germany and Poland...
Tags: CPI Property Group S.A.
UK Commercial REIT in £1 billion all share merger talks with Picton Property Income - Part 2
Tuesday, 21 November 2023, 7:21 am
Well, that ended quickly.
UK Commercial REIT has called off merger talks with Picton Property Income, another London-listed property investment company, after being told by its largest shareholder that it doesn't want the former to pursue the deal. Below is a link to this morning's announcement:..
UNCOOKED ALERT: Ascential said to .....
Monday, 20 November 2023, 4:18 pm
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