Posts tagged: Warren Buffett

Buffett buys insurer Alleghany for $11.6 billion

Monday, 21 March 2022, 9:59 am

Warren Buffett is splashing out over $11 billion on US-listed property and casualty insurer Alleghany Corporation.

Buffett's firm Berkshire Hathaway is paying $848.02 per in cash for Alleghany and follows a period in which the billionaire old timer has complained about the lack of acquisition opportunities.

Anyway, I have pasted the core details of the press release below:..

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Unilever bids £50 billion for GlaxoSmithKline's consumer arm, reveals The Sunday Times - Part 2

Monday, 17 January 2022, 9:57 pm

Well, it looks like Ian "Kingy" King is first out of the traps to highlight something little old Betaville had been ruminating on with an old City contact over a few glasses down the pub this evening.

In a piece today King, a former City editor of The Times and now business presenter at Sky News, argues Unilever may have accidently put itself in play after attempting to buy GlaxoSmithKline's consumer division for £50 billion. Below is the link:..

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Ratcliffe sniffed around Independent Oil & Gas's debt - sources

Thursday, 31 October 2019, 5:28 pm

Sir Jim Ratcliffe has been sniffing around Independent Oil & Gas's debt.

People familiar with the situation said Ineos, Sir Jim's chemicals company, bid on Independent Oil and Gas's bonds before the North Sea oil explorer decided to repay some of the non-convertible debt held by failed outfit London Oil and Gas, which is associated with controversial City firm London Capital & Finance...

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The Buffett conundrum...

Thursday, 2 May 2019, 10:52 am

Betaville has been inundated with phone calls since the venerable Financial Times ran its interview with the Sage of Omaha, in which the octogenarian billionaire investor suggested he is looking at doing a big UK deal. Below is a link to the interview:

https://www.ft.com/content/32676c5c-667e-11e9-9adc-98bf1d35a056

"What's he going to buy,?" asked one veteran investor...

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Tick Tock

Wednesday, 22 February 2017, 6:51 pm

Two days on and the upper echelons of the financial media world are still picking over the carcass of the failed Kraft Heinz / 3G / Warren Buffett / Unilever deal.

Probably the best newspaper piece out there is the "tick tock" by Arash Massoudi and James Fontanella-Kahn in today's Financial Times. Here is the link in case you haven't read it:..

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