Little old Betaville thought it worth highlighting a fine piece of journalism from rival reporters at the venerable Financial Times.
The piece has some cracking detail, including a string of advisers, and insight about First Abu Dhabi Bank's failed tilt at FTSE 100-listed bank Standard Chartered. Below is the link to the story:..
It's been a while since Apollo has been touted to as a potential acquirer in a large leveraged buy-out but hacks at the venerable Financial Times have done well to discover the firm is looking at purchasing Millicom, the Latin American telecoms operator.
According to the FT, Apollo has teamed up with Marcelo Claure, the former SoftBank executive, to explore a bid for the company that could value it around $10 billion, including debt...
The venerable Financial Times splashed the entire edition of its British newspaper on a rather gloomy story about "a record fall" in dealmaking in the second quarter of this year. Below is the link:
https://www.ft.com/content/fe4f0017-8e41-44ae-85db-55b09157b379..
Quite a few of little old Betaville's competitors are rolling out their deal prediction pieces for 2023 ahead the holiday period.
Reuters, in particular, has been very enthusiastic publishing a piece about a slowdown in dealmaking whilst two days earlier suggesting there could be a boom in pharmaceutical deals in 2023. Below are the links:..
Last week hacks at the Wall Street Journal were boasting about a scoop - that Kering (the owner of Gucci) was in "advanced talks" to buy menswear brand Tom Ford for around $3 billion. Below is the link:
The M&A tipsters in the British national business press are out in force this week.
Yesterday, it was Bloomberg talking up the prospect of dealmaking, citing the likes of BT Group as a potential takeover target. Below is the link:..
Rivals at the Financial Times landed a cracking scoop overnight about US-based satellite operator Intelsat holding merger talks with SES, a Luxembourg-based rival.
The tale comes hot on the heals of OneWeb's merger with France's Eutelsat.
Clearly, none of these satellite operators wants to be the last company standing on its own when the consolidation round ends.
Anyway, below is a link to the FT scoop:..
The venerable Financial Times this morning revealed that US pharma giant Pfizer is in the advanced stages of buying Biohaven, a US-listed firm that has been working on treatments for migraines. Below is the link:
https://www.ft.com/content/ea9bb9bc-b5ec-4278-ab42-1f5f14a1a76f..
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:..
The Unilever might be a target for Nelson Peltz theory was first aired last summer but now it appears to be have become fact.
Indeed, hacks at the venerable Financial Times have dug a decent scoop today about Peltz building a stake after the botched £50 billion tilt GlaxoSmithKline's consumer division. Below is a link to the FT piece:..