Saturday 12 July 2014

Fancy that: Whirlpool buys Indesit stake; Reynolds in advanced talks to buy Lorrilard

Sorry for the lack of posts in the last couple of days Betavillers. I have been down in deepest, darkest Kent with little access to the internet.

Anyway, I just thought I would write a quick post to celebrate the (or potential) announcement of a couple of big deals covered in depth on Betaville over the last few months.

First off, I see US electrical goods company Whirlpool has finally announced it will buy a 67pc stake in Indesit, the Italian company that sponsors Arsenal Football Club, from the Merloni family for about $1 billion. The US group then plans to make a tender offer for the rest of the outstanding stock.

Although I wouldn't claim to have landed a clean scoop on this one (Whirlpool had been mentioned as an acquirer in the Italian press before I published), Betaville provided some pretty detailed coverage on Whirlpool's advisers and potential acquisition financing for the deal that I believe clearly showed the US company was the most serious bidder interested in buying the Italian company.

Here is a link to that article:

On another note, its looks like this Reynolds/Lorillard $50 billion merger is likely to be announced on Monday morning. Again, I'm not claiming to have landed a clean scoop, but I would like to think Betaville and my piece in The Times added some insight into the situation with exclusive new stories.

Here are the links to those pieces:

However, the Reynolds/Lorillard deal hasn't completed, so there still could be a few more twists and turns in the tale. Keep an eye on Betaville for potential updates...

1 comment:

  1. I am very enjoyed for this blog. Its an informative topic. It help me very much to solve some problems. Its opportunity are so fantastic and working style so speedy.
    Spagart schweiz Whirlpool Service