Thursday, 30 July 2015

A Reed & Mackay update...

Wow - public market takeover deals are coming thick and fast this week, with another two announced this morning. They are: US-based Delphi Automotive's £1 billion purchase of cable maker HellermannTyton;  and Providence/WPP's £350 million approach for PR group Chime.

Given a lot of this week's bids have come from American companies (e.g. Honeywell/Elster), it would appear the Americans are really making hay while the dollar is strong.

Wednesday, 29 July 2015

Hotel Buzz - part 4

Interesting tweet from Dom Walsh over at The Times:

Merger speculation around Starwood/IHG tie-up gaining fresh impetus

I have been chasing this for the last month or so but couldn't stand it up. Perhaps somebody else can...

Another day, another M&A deal in the London market

The latest transaction will see property developer Quintain taken private for by US private equity group Lone Star for 122p a share or almost £700 million.

I am, though, getting seriously worried we could be reaching the peak of this latest bull market as the last time somebody tried take Quintain private it was literally to the top of the last bull/credit market.

Tuesday, 28 July 2015

Transaction Tuesday

Forget merger Monday, it's all about Transaction Tuesday. Indeed, there were four major deals announced in London this morning - they were:

1. Zurich considering a £5 billion plus takeover bid for RSA.

Zurich smoked out

Great to see old school stock market reporting (with a new school digital twist) from Bryce Elder at the Financial Times smoke out a FTSE 100 takeover bid. Surely it's time for a pay rise, Ed.

In case you weren't aware how this played out, here is a link to Bryce's market report:

Monday, 27 July 2015

Village gossip - The Times hires The Sun's business editor

This seems to be pretty much an open secret among business hacks in London but in case you haven't heard I can exclusively reveal (I think) that Simon English, The Sun's business editor, is joining The Times to become deputy business editor.

I have to admit the chaps over at FT Alphaville alluded to Simon's departure from The Sun last week on markets live but I can add to their snippet he is joining The Times.

Back on Tip TV talking about Credit Suisse, Julius Baer and Quindell

I have been out and about all day catching up with a few old contacts, so apologies for the delayed posting of this morning's Tip TV session. Anyway, here is a link to today's session with Nick Batsford, aka The Moose.

http://www.tiptv.co.uk/archives/ma-weekly-update-4/

Thursday, 23 July 2015

Bloomberg reveals Pearson planning to sell FT - again! - part 5 / The Great Escape - part 2

So, it would appear Japanese outfit Nikkei has just bought the venerable Financial Times for $1.3 billion/£844 million. Here is a link to the press release:

http://www.investegate.co.uk/pearson-plc--pson-/rns/disposal/201507231513489402T/

Now I'm getting really worried we are somewhere near the top of this latest bull market!

Bloomberg reveals Pearson planning to sell the FT - again! - part 4

Hat tip to Bloomberg - FTSE 100-listed Pearson has just confirmed it is in "advanced discussions" about selling the Financial Times, which seems to have sent the UK media scene into a complete tailspin.

I guess, too, there is a lot of egg on face for most of the media commentariat (including me, perhaps), which dismissed the Bloomberg report from earlier in the week as just a re-hash of its story from a couple of years ago.

Wednesday, 22 July 2015

The Great Escape

The chaps over at McQueen, an advisory boutique set up by a bunch of former HSBC bankers, have been bought by American rivals Houlihan Lokey.

I always worry when I see one of the City's boutique corporate finance firms sell to a US predator Why? Because it could be a sign that a bull market is somewhere near its peak.

Bloomberg reveals Pearson planning to sell the FT - again! - part 3

Michael Wolff wrote a particularly insightful piece on why Bloomberg has absolutely no need for a website/publishing arm.

Although the veteran US media commentator doesn't get into whether Pearson should be selling the Financial Times, I'm highlighting Wolf's analysis within the "Bloomberg reveals Pearson planning to the FT - again" series as I think its probably connected to that ongoing story.

Tuesday, 21 July 2015

Bloomberg reveals Pearson planning to sell the FT - again! - part 2

Bloomberg's "scoop" about FTSE 100-listed Pearson weighing a sale of the Financial Times got short yesterday shift from City analysts, media commentators and investors.

For example, here is a piece from Roy Greenslade, The Guardian's media commentator, on the Bloomberg story:

Monday, 20 July 2015

Semantics

Huge hat tip to Dan Dunkley, the young M&A reporter over at The Sunday Times, for his story back in May about how Aveva was being circled by potential foreign predators. In case you don't recall, The Sunday Times ran the story on the front page (which means something in itself). Here is a link to the copy:

http://www.thesundaytimes.co.uk/sto/business/Tech_and_Media/article1557075.ece

Bloomberg reveals Pearson planning to sell the FT - again!

Bloomberg has just "broken" the news that Pearson is weighing a £1 billion plus sale of the Pink' un. Here is a link to the Bloomberg exclusive:

http://www.bloomberg.com/news/articles/2015-07-20/pearson-said-to-explore-sale-of-financial-times-after-approaches

Back on Tip TV talking about Aveva, Quindell, Receptos, Starwood and Tottenham Hotspur

It's a Monday, so I was back on Tip TV talking about deals, dealmakers and, er, a north London football club.

Here is a link to today's clip:

http://www.tiptv.co.uk/archives/ma-weekly-update-3/

Thursday, 16 July 2015

Squeaky bum time for Pathfinder Minerals

I try to stay away from chat rooms for day traders as they tend be full of conspiracy theories that are impossible to stand up (for journalists) and lose long-term investors money. But as we slip into the quiet period of the summer I thought I would cast my eye over some of the forums - and low and behold it would appear one reader has actually stumbled across a genuine story.

The tale involves Pathfinder Minerals, the Mozambique-based mining company at the centre of a bitter row between a local general and the company's management team.

Wednesday, 15 July 2015

What a surprise: Receptos bought for over $7 billion

US pharma group Celgene last night agreed to pay more than $7 billion for Receptos, a biopharmaceutical company.

Now I realise Ed Hammond over at Bloomberg "broke" the story about a potential sale of Receptos several months ago - here is the link: http://www.bloomberg.com/news/articles/2015-04-01/receptos-said-to-get-takeover-interest-amid-partnership-talks

Tuesday, 14 July 2015

RARE alert: Shire's next deal could be "transformational" - part 2

This (see below) well written interview with Shire chief executive Flemming Ornskov by the Wall Street Journal would appear to reinforce the idea that the FTSE 100-listed group is still on the hunt for a major acquisition - whether it be Actelion, BioMarin or another (US?) rival...

http://www.wsj.com/articles/shire-deepens-push-into-biotech-after-abbvie-drops-bid-1436821429?mod=pls_whats_news_us_business_f&utm_source=dlvr.it&utm_medium=twitter