Mark "The Kleinmanator" Kleinman of Sky News has revealed this evening that Ted Baker's board is set to recommend a cut price £200 million offer for the retail brand from the American owner of Reebok.
US-listed Authentic Brands, according to Kleiny's piece, is going to pay 110p a share for Ted Baker and the deal could be announced tomorrow. Below is the link to Kleiny's scoop:..
Sabah Meddings of The Sunday Times business section had a decent haul this weekend...
Hat tip to Neil "Neily" Craven, the Mail on Sunday's extremely hard working deputy city editor, who reported just over a week ago that Authentic Brands may "pull its bid" for Ted Baker, the London-listed fashion label.
Below are the links to Neily's piece and also the announcement from Ted Baker today...
Con Coughlin turned up in The Daily Telegraph's Saturday business section with a story about Ultra Electronics, the London-listed defence company that is in the process of being acquired by Advent International-backed Cobham for over £2.6 billion.
The piece caught Betaville's eye because The Daily Telegraph's longstanding foreign editor rarely writes in the newspaper's business section about corporate stories...
Mark "The Kleinmanator" Kleinman has taken a break from reporting every twist and turn of the Chelsea FC sale (which is Betaville is genuinly fascinated by) and has got a good new line on the Ted Baker sale...
It would appear The Kleinmanator of Sky News wasn't the only City hack onto the Ted Baker bid rumour.
Last week, Bryce, "The Flying Scotsman", Elder of the venerable Financial Times got into the story in his excellent City Insider column, pointing out that there was talk circulating the London market of a £300 million plus takeover offer. Below is a link to Bryce's piece:..
Mark, "The Kleinmanator", Kleinman of Sky News has landed a decent scoop this evening about American private equity firm Sycamore Partners weighing a takeover bid for Ted Baker, the London-listed retailer.
According to Kleiny, Sycamore has hired Numis to advise on the possible takeover, so one assumes the firm's interest is relatively advanced and a statement should be appear soon. Below is a link:..
Betaville's chums on the Mail on Sunday's business section had a decent haul yesterday.
Indeed, Neil "Neily" Craven's scoop about Ray Kelvin looking at a take private of Ted Baker appears to be the most talked about story in the London market this morning...