Below is a link to today's session with Jenny Hammond and Zak Mir - and, unsurprisingly, we spent a lot of time talking about Unilever!
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.
Take a bow Bryce Elder, stock market reporter over at the Financial Times. The intrepid hack has just landed the M&A scoop of the year, decade or, perhaps, century with his tale this morning about Kraft Heinz's £100 billion plus takeover approach for Unilever. If you follow M&A, I'm sure you have seen the statements.
I suspect rival hacks, such as the Kleinmanator of Sky News or team Bloomborg, will have trouble topping that one. Good luck to them...
Will 2017 be a better year for Crispin Odey, one of Britain's best-known hedge fund managers?
Well, in the some respects things are on the up for the charasmatic buffer, who once spent over £150,000 on a Palladian style mansion for his pet chickens...
US-listed Radius Health saw it's shares gain almost 7pc yesterday thanks to a piece on Streetinsider.com about Shire renewing its interest in the business. I have pasted the link to the Streetinsider article below:
The chaps and chapettes at FT Alphaville appear to be running behind schedule this week so I thought I should step in and fill the void.
I guess one event the market will be scrutinising will be Liberty Global's full-year results, which I'm told by people familiar with the matter will be unveiled this evening in the US...
Oh look - I see US-based medical laser company Cynosure today announced a deal to sell itself to Hologic for $1.6 billion. If you missed the deal announcement click on the link below:
No sooner had I posted the link to this morning's Tip TV session with Zak Mir than Allergan announced a $2.5 billion deal to buy Zeltiq Aesthetics!
Now, regular followers of my work will recall that, as well as today, I mentioned body sculpting company Zeltiq Aesthetics as a potential takeover target on Tip TV a few weeks ago. Here is the link:..
It was good to catch up with my old mucker Zak Mir this morning. Below is a link to today's clip:
Quelle surprise: Stada confirms weighing strategic options after receiving bids from private equity firms
Hacks over at the FT dug out a great story overnight - https://www.ft.com/content/e21d830a-f13e-11e6-95ee-f14e55513608 - about German drugmaker Stada receiving bids from a couple of private equity firms. And the German company has subsequently confirmed its received indicative approaches...
I see the uber bankers at Robey Warshaw have emerged as one of the lead advisers to FTSE 100-listed Reckitt Benkiser on its $18 billion acquisition of baby food company Mead Johnson.
Once again, I have mixed feelings about the chaps at Robey Warshaw winnning this mandate. Why?..
Trade publications really are having a good week on the story front this week.
Indeed, today legal publication The Lawyer landed a rather intriguing tale about how a British High Court judge has thrown into question the legitimacy of a £16 million bill charged to Eurasian Natural Resources Corporation by Decherts, the law firm that counts the former deputy prime minister's wife as a partner...
I realise this is a bit a late in the day but a loyal reader has got in touch with an interesting nugget from Japan Tobacco's results earlier this week.
Tucked away on page 6 of Japan Tobacco's investor presentation is an intriguing line about how is looking to "expand geographically notably through acquisitions". Here is a link to Japan Tobacco's investor presentation in case you haven't read it:..
I have to admit I'm not an avid reader of Leaprate.com but it would appear this "indepedent research and advisory firm" has just landed a rather decent jackanory...
Shares in Michael Kors took a pasting yesterday - falling about 10pc - after the US fashion brand cuts its profits and sales forecasts.
So, readers might be wondering what has happened since I posited a question on New Year's eve about whether Michael Kors will strike a deal in 2017? In case you don't remember, here is a link to the piece I wrote on New Year's eve while markets were closed:..
There is a piece of Deutsche bank research floating out there in the market speculating about the possibility of a fresh takeover bid for William Hill, the listed bookmaker.
Now, readers might recall I broke the story about 888 and Rank coming together to instigate a three-way merger with William Hill in The Sunday Times last summer. In case you don't recall here is a link to that piece:..
Revealed: Heineken / Patron consortium said to have swept market for Punch Taverns stock as part of market raid - sources - part 2
I see Heineken this morning confirmed my Friday scoop about the market sweep the beer giant and its private equity partner carried out. In case you missed it, here is a link to today's confirmation:
Revealed: Heineken / Patron consortium said to have swept market for Punch Taverns stock as part of market raid - sources
Patron Capital and Heneiken have been carrying out a secret raid for Punch Taverns shares, Betaville can reveal.
Good sources tell me the private equity firm and Heneiken have been buying Punch shares via stockbroker Peel Hunt during today's trading session.
So far, roughly 55 million Punch shares - or 25pc - have traded today, meaning the consortium is likely to have bought around 20pc...
The dealmaker, the bank and the missing skyscraper series returns - Credit Suisse hires one of London's top QCs as defence barrister ahead of trial
Remember the tale little old Betaville broke a couple of years ago about how investors are chasing Thomas Ryan, a mystery Irish property developer, and (ex) Credit Suisse private banker Hans-Olav Eldring in the commercial courts in London after the pair of scallywags concocted a scheme to build a £1 billion residential tower in Canary Wharf that eventually vanished into thin air?..
Reuben Brothers approached about backing Emerald Investment Partners' rival Punch bid - sources - part 2
Combing through my copy of The Times this morning I noticed Dom Walsh's story on Punch Taverns corroberated little old Betaville's piece from a few weeks ago about how Alan McIntosh's Emerald consortium had approached the billionaire Reuben brothers to back his consortium bid for the pub company.
Here is a link to the piece in The Times:..
Take a bow M&A hacks over at the venerable Wall Street Journal.
Late last night the two Danas published a tale about London-listed Reckitt Benckiser is in talks to buy US baby food company Mead Johnson for over $16 billion and today the FTSE 100 company has confirmed the WSJ's mega scoop. (see the link below)..
[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].