Thursday, May 8, 2008

MSY

"On the FTSE 250, vague bid rumours gave a boost to Misys, the software specialist that rose by 9.25p to 174.25p. The chatter suggested that the company may soon be subject to a bid; there were no clues about the identity of the bidder, but the talk bore a price of between 200p and 210p."

The Independent

CPW

"Elsewhere, on the FTSE 100, traders noted renewed interest in Carphone Warehouse, which was rumoured to be close to announcing a deal with Best Buy or Vodafone."

The Independent

DOO

"Lower down the market, D1 Oils , the biodiesel company, was steady at 26.5p despite news that former director Karl Watkin, who owns 4.75% of the company, did not plan to make an offer for the business at the moment."

The Guardian

CPW

"Takeover speculation resurfaced and gathered pace around Carphone Warehouse yesterday. US group Best Buy, which owns around 3% of the company, is tipped as the most likely bidder, either alone or as a partner with Vodafone in a break-up of the Carphone business."

The Guardian

Tuesday, May 6, 2008

TNS

"Sir Martin Sorrell's advertising company WPP is pushing for more information on Taylor Nelson Sofres after its initial unsolicited offer of about £1bn for the market research company was rejected."

The Guardian

TNS

"Taylor Nelson Sofres is set to further frustrate a takeover bid from Sir Martin Sorrell's WPP this week by denying it access to the market research group's books."

Telegraph

BGY

"The bid battle for British Energy (BE), the nuclear generating company, looks like turning into a one horse race, with France's EDF seen as the clear frontrunner to table an offer ahead of this week's deadline."

Telegraph

Monday, May 5, 2008

TNS

"Taylor Nelson Sofres, the consumer research company, has rejected a 230p-a-share takeover proposal from WPP, the advertising and communications giant."

The Independent

RDW

"Construction giant Bellway has approached rival Redrow with plans for a £1.3bn merger to create the second-biggest housebuilder in Britain."

This is Money

TNS

"Taylor Nelson Sofres, the market research group, said last night it had rejected a £1bn bid from Sir Martin Sorrell's WPP."

Telegraph

RDW

"Property group Bellway has approached its rival Redrow with plans for a £1.3bn merger, creating a construction giant which would be the country's second biggest, it has emerged."

Telegraph

Sunday, May 4, 2008

MOSB

"Baugur will announce this week that it plans to proceed with the proposed £40.2m takeover of struggling menswear chain Moss Bros."

The Observer

FPM

"Dana, which produces about 75% of its oil from the North Sea, said pre-tax profits for 2007 rose 48% to £143.3m driven by higher oil and gas prices and an increase in production of 37%. The company was rumoured to be looking at Faroe Petroleum after increasing its stake earlier this year."

Sunday Times

ARDN

"Cenkos Securities, the stockbroker owned by City veteran Andy Stewart, is in talks with its smaller rival Arden Partners about a possible £30m takeover."

Sunday Times

RIO

"BHP Billiton is poised to lodge a filing with the European Commission within the next two weeks, starting the clock ticking on its hostile takeover bid for mining rival Rio Tinto."

Sunday Telegraph

BGY

"On the downside, British Energy slipped 3.9 per cent to 728½p following reports which claimed that Germany’s RWE might bid for parts of the power company but not all of it."

Financial Times

RIO

"Takeover target Rio Tinto rose 4.6 per cent to £61.06 after its chairman, Paul Skinner, suggested that a break-up of the company might be the best way to create value for shareholders."

Financial Times

SBRY

"J Sainsbury was marked 2.9 per cent higher at 391½p as traders realised that Delta Two, the investment fund backed by the state of Qatar, would be free to bid again next week."

Financial Times

MPS

"MinorPlanet Systems, the telematics company, rose 7p to 27p after it rejected a takeover approach."

The Times

CDMS

"China Medstar rose 18½p to 50p after the diagnostic imaging and radiotherapy equipment provider confirmed it was in early-stage talks which might lead to a cash offer for the company at 62p a share."

The Times

ITRK

"Intertek, the product tester, rose 40p to £10.02 after Goldman Sachs upgraded it with a £12.03 target price. It is also seen as a potential bid target as a round of consolidation may be triggered after Bodycote, up 2¾p to 230¾p, put its own testing arm up for sale this week."

The Times

BGY

"British Energy, the nuclear generator, was the worst blue-chip performer, down 29½p to 728½p, as investors took profits and as bid hopes began to fade."

The Times

BGY

"Nuclear power generator British Energy was the biggest FTSE 100 faller, slipping 29½ to 728½ on speculation that German utility RWE has decided not to make an offer. However, Centrica is believed to have approached RWE about the possibility of making a joint bid."

Telegraph

CMDS

"Diagnostic imaging and radiotherapy group China Medstar saw its shares jump 58pc as it revealed it had received a potential bid offer."

Telegraph

BGY

"Centrica, the UK power company, has made a fresh approach to Germany's RWE about mounting a joint bid for British Energy."

Telegraph

Friday, May 2, 2008

MOSB

"The immediate future of the Moss Bros menswear chain is expected to be resolved this weekend after growing speculation that Baugur, the Icelandic investor, is close to deciding whether to make a formal £40 million offer."

The Times

IGP

"Intercede, which makes technology used in identity card systems, jumped 5.5p to 43p on talk that it could attract attention from Indian group Bartronics. Bartronics has said it wants to buy an established European company by the end of the year."

The Guardian

CMDS

"China Medstar, which supplies radiotherapy equipment to Chinese medical centres, was steady yesterday at 31.5p. Traders believe the company has received a takeover approach at 60p a share."

The Guardian

CPW

"The speculators continued to drive Carphone Warehouse, which rose by 3.25p to 275p. Hopes of a takeover by Best Buy, or of a division of the business between the American company and Vodafone, continued to draw investors."

The Independent

DHP

"Darwen Holdings, the Lancashire coach builder, had its shares suspended at 47p after The Daily Telegraph revealed that it was lining up a sizeable reverse takeover."

Telegraph

CAL

"After bottoming out at 329p in January, Capital & Regional's shares rebounded strongly amid speculation that the company was being eyed up a by a string of suitors. However, to date, no bidders have materialised."

Telegraph

CBRY

"Credit Suisse advised investors to sell Cadbury shares, arguing that they are overvalued by around 10pc. While Cadbury may be part of an ongoing confectionery consolidation we don't see Cadbury as a takeover target," said analyst Alex Molloy."

Telegraph

GMG

"Game Group dropped 1.2 per cent to 271p as bid speculation cooled with news that its non-executive chairman, Peter Lewis, had sold stock worth £2.3m."

FT

BVS

Bovis Homes, off just 0.5 per cent at 463p, managed to avoid the worst of the selling, however. That was because of speculation it could be target for a group looking to ride out the storm in the housing market by merging with a rival, cutting costs and taking advantage of greater buying power.

FT

HTG

"The oil services group Hunting was buoyant, rising by 6p to 896p, following renewed bid speculation."

The Independent

Thursday, May 1, 2008

ISAT

"Also on the FTSE 250, the satellite company Inmarsat was up 18.5p at 462.5p thanks to renewed bid speculation."

The Independent

BOY

"Elsewhere, bid speculation was evident around Bodycote, the engineering company, which gained 30.25p to 241.75p."

The Independent

BRBY

"Burberry was back in fashion yesterday after early rumours suggested a bid may be forthcoming from Coach, the American handbag maker."

The Independent

ISAT

"Inmarsat, the satellite communications group, provided the day’s speculative feature. Its shares rose 4.2 per cent to 462½p on rumours of a bid approach from Asia. Traders said any deal would require the backing of Inmarsat’s biggest shareholder, Harbinger Capital, which owns 28 per cent of the company."

FT

DHP

"Darwen Holdings, the recently floated Lancashire-based bus builder, firmed ¼ to 44¾p yesterday as market sources suggested that chairman and majority-owner Roy Stanley was lining up a big reverse takeover."

Telegraph

CPW

"Carphone Warehouse, the mobile phone retailer and broadband supplier, was in focus, rising 9¼ to 271¾p as rumours of a possible bid from US retailer BestBuy resurfaced. The latest bout of BestBuy bid speculation was triggered by Carphone's decision to separate its retail and broadband businesses into distinct divisions."

Telegraph

BRBY

"Upmarket fashion group Burberry edged up 21¼ to 483¾p amid continuing speculation that it is a takeover target for Coach, a larger US rival.

Telegraph