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| Posted: 09 Mar 2016 08:28 AM PST So, rival hacks and news organisations are mocking the FT's Burberry scoop on the Twittersphere following this morning's news from HSBC. Burberry shares are down about 7pc after the bank released a statement to the market that implies it's not holding a stake on behalf of a mystery investor looking to make a takeover bid. Here is the link: http://www.investegate.co.uk/burberry-group-plc--brby-/rns/holding-s--in-company/201603041054170987R/ However, before you have a good laugh at FT's expense just remember that intrepid hacks at the venerable newspaper did discover that Burberry hired uber bankers at Robey Warshaw to defend the business should a bidder come knocking. If your in the M&A reporting game, then the hiring of Robey Warshaw - which seems to be happening quite regularly these days - can turn out to be a significant moment in the company's ownership history. Indeed, if you don't recall I revealed SAB Miller was working with Robey Warshaw last August and a couple of weeks later the boys from Brazil launched a successful £75 billion takeover bid. Here is the link to that piece: http://www.thesundaytimes.co.uk/sto/business/Companies/article1599801.ece BG Group also hired Robey Warshaw on its £40 billion sale to Royal Dutch Shell while the London Stock Exchange - which is currently at the centre of a takeover tussle between Deutsche Borse, the ICE and, potentially, the CME - is using Robey Warshaw.  |
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