Rabu, 25 Mei 2016

Betaville

Betaville

Quelle Surprise: WSP Global finally confirms Betaville's Sweett Group takeover tale from 2014

Posted: 25 May 2016 03:11 AM PDT

Remember this piece (see below) that I published when little old Betaville kicked off in February 2014?

http://betaville123.blogspot.co.uk/2014/02/predator-circles-sweett-group.html

In case you don't, it was about how Canadian group WSP had been "circling" Sweett Group after holding formal talks with the company about a deal.

I ran the story despite a strong steer from "people close to the situation" that Sweett Group hadn't had takeover a takeover approach from WSP Global.

Anyway, this morning WSP Global and Sweett Group announced a recommended deal:

http://www.investegate.co.uk/wsp-global-inc-/rns/recommended-cash-offer-for-sweett-group-plc/201605250700122053Z/

Just goes to show, sometimes it can take a while for little old Betaville's scoops to finally be confirmed!

Imaginatik said to be working on £2 million fundraising - part 3

Posted: 25 May 2016 01:35 AM PDT

I see Imaginatik, in which Rob Terry has been re-building a substantial stake, has announced the details of its cash call today, effectively confirming my tales from last week and yesterday. Here is the link:

http://www.investegate.co.uk/imaginatik-plc--imtk-/rns/fundraising/201605250700111980Z/

RARE Alert: Israeli property giant said to be weighing outright purchase of Atrium European Real Estate Limited

Posted: 25 May 2016 01:37 AM PDT

Another piece of random RARE has landed on my desk.

Word is Gazit Globe, the Tel Aviv-based shopping centre giant, is keen on buying out the remainder of Atrium European Real Esate Limited that it doesn't own.

Gazit Globe currently owns around 55pc of of Atrium, a Jersey-domiciled owner and operator of shopping centres in Central and Eastern Europe.

According to sources, Gazit Globe has been talking to Atrium's board about paying around EURO 4.30 a share for the outstanding stock it doesn't own.

Atrium, whose market cap stands at about EURO 1.4 billion, is thought to have several back up options if the deal falls though, including a merger with another company or a sale of its Russian portfolio.

Dealmakers from Bank of America Merrill Lynch are said to be working for Gazit Globe while corporate financiers from Deutsche Bank are thought to be advising Atrium, which is listed in Vienna, Austria and Amsterdam, Holland.

Gazit Globe has already shown it has a strong appetite for Atrium, snapping up a 13.9pc stake from CPI Management for EURO 229 million in January this year.

A spokesperson for Gazit Globe, which is listed on the New York, Toronto and Tel Aviv stock exchanges, said:

"Gazit Globe does not respond to external reports regarding business developments attributed to it or to its group members (whether founded or unfounded) other than by publicly reporting developments as required by applicable law."

I asked a spokesperson for Atrium for a comment this afternoon but so far the company hasn't responded to my requests for comment.

Readers need to be aware the above information is RARE of the RAREST kind. If you don't remember what RARE is, here is the definition:

Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.

Rob Terry said to be unwilling to back £2 million Imaginatik fundraising

Posted: 24 May 2016 02:55 PM PDT

Controversial businessman Rob Terry doesn't plan to participate in Imaginatik's £2 million cash call.

Readers will remember that last week I broke the story about how AIM-listed tiddler Imaginatik was plotting a £2 million fundraising via a placing and open offer.

Investors, though, have been wondering whether Terry - who has built up a near 10pc stake via his Quob Park Estate holding company - would be willing to back the placing after QPE tweeted last week that it is wasn't involved "for now". Here is the tweet:

  May 18
Looks like fundraise pushing ahead without QPE being involved for now - a big mistake in our view as key issues will not be fixed

City sources reiterated today that Terry won't sign up to the fundraising unless the software consulting company fundamentally changes strategy.

It's thought Quob Park Estate will unveil a detailed release outlining the reasons why it didn't participate in the Imaginatik fundraising once it is completed.

Quob Park Estate and Imaginatik declined to comment.
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