Thursday, 7 January 2016

Deals, deals, deals - part 2

My old boss Richard "Fletch" Fletcher, now business editor of The Times, has just landed a rather interesting scoop about Sir Terry Leahy and US buy-out firm Clayton, Dubilier & Rice (CDR) weighing a counter bid for Home Retail Group.

Here is the link:

http://www.thetimes.co.uk/tto/business/industries/retailing/article4658543.ece

So, that's further circumstantial evidence that Oliver Shah and Daniel Dunkley were bang on the money when they wrote their piece in The Sunday Times back in November about private equity "predators" circling Home Retail Group.

In case you forgot, The Sunday Times hacks wrote this back in November 2015:

http://www.thesundaytimes.co.uk/sto/business/Companies/article1635764.ece

Perhaps the likes of Crispin Odey, who has a rather large short position in Home Retail Group, should have taken Olly and Dan's piece more seriously!

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