The bank, the hostile bid and acerbic Alistair - part 2

Little old Betaville is kicking himself this morning and loyal readers may be wondering why.

Well, it's because BC Partners and Pollen Street Capital have just raised their hostile bid for challenger bank Shawbrook to 340p a share. Here is the link to this morning's press release:

Now, little old Betaville is pleased shareholders are being offered more for their investments but is rather annoyed with "people close to the consortium" and the manner in which they suppresed a story I put to them just before BC Partners and Pollen Street Capital launched it hostile bid for Shawbrook.

These "people" used a highly aggressive form of spin and obfuscation to make sure little old Betaville wasn't going to run a story saying BC Partners and Pollen Street were preparing to go hostile and raise their offer to 340p a share (from 330p a share). And now it turns out little old Betaville's tale was, basically, correct.

That's the last time little old Betaville believes a word these "people" say...


Date: Monday, 5 June 2017, 10:32 am

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