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’Snap news
Breaking pre-market news on Tuesday,
- Mitchells & Butlers says Piedmont’s 230p a share offer significantly undervalues company — statement.
- Cairn Energy announces further disappointing results from Greenland drilling campaign — statement.
Salad bar brawl at M&B
The coleslaw and kidney beans are starting to fly at the owner of the Harvester restaurant chain.
On Monday morning, Mitchells & Butlers, which owns All Bar One and Toby Carvery, decided to go public and bring to the attention of shareholders the recent manoeuvrings of Piedmont Inc.,
Dimon moves in to fend off the vultures around Bear
The vultures are circling Bear Stearns – this time with human flesh in mind.
The prospect of losing some of Bear’s top human capital undoubtedly helped inject extra passion into the performance by Jamie Dimon on Wednesday night,
Joe Lewis ‘mystery buyer’ in Ladbrokes
Joe Lewis, the Bahamas-based British billionaire who recently paid $860m for a 7% stake in Bear Stearns, is the mystery buyer behind a near-7% stake in Ladbrokes, the UK’s biggest bookmaker, reports The Times.
Weekend catch-up: Emap, SIVs, Bear Stearns, Brocade
Failed Emap bidders hope to land Bauer cast-offs
Disappointed bidders for UK publisher Emap’s consumer titles are hoping to buy some niche magazines cast off by H Bauer after the Hamburg-based publisher won an extended auction process for the titles for £718m.
Lewis to avoid activist role at Bear
Joe Lewis, the Bahamas-based British billionaire who recently became the biggest shareholder in Bear Stearns with a near-7% stake, is unlikely to take an activist approach and could reduce his position in Bear in the near term if the shares rise significantly,
Brit Punter Buys Some Bear!
As the New York Post might scream. So who is this Lewis guy? According to the SEC, he’s the man behind Aquarian Investments, and he’s spent $860,403,183 buying 8,096,942 shares in Bear Stearns.
That’s seven per cent.