Showing posts with label Hannam & Partners. Show all posts
Showing posts with label Hannam & Partners. Show all posts

Tuesday, 24 November 2015

Shell/BG Group worries

Risk arbitrageurs (otherwise known as the hedge funds that bet on takeover deals) have been getting increasingly nervous about Shell's £43 billion bid for BG Group following a series of bearish articles on the transaction by my old employer, The Telegraph Media Group, publisher of The Daily Telegraph and The Sunday Telegraph.

I expect those worries to transform into full scale paranoia after The Times decided to follow the Telegraph's lead and publish a news story (re?) quoting Ian McVeigh's opposition to the mega deal.
If you don't recall, McVeigh of Jupiter Fund Management wrote a piece in The Sunday Telegraph a few weeks ago likening the transaction to Royal Bank of Scotland's disastrous acquisition of ABN Amro.