Hints and tips:
...She has also sat on boards for companies such as Zurich, Man Group, Friends Provident and Gallaher....
...For example, before JT acquired Gallaher, a UK-based cigarettes group, for $15bn in 2007, it studied the company for three years....
...A long-time adviser to Tesco, he has worked on deals including EMI’s sale to Terra Firma and the Gallaher/Japan Tobacco transaction....
...These included Tata Steel’s $13.4bn takeover of Corus; Japan Tobacco’s £7.5bn acquisition of Gallaher and Iberdrola’s $23.4bn purchase of Scottish Power....
...David Brooks, head of M&A at Grant Thornton corporate finance, said that overall, M&A deals were gradually becoming larger....
...Credit default swaps of Gallaher, the UK tobacco group, fell sharply on Thursday after the company said it had received a bid approach, believed to be linked to Japan Tobacco....
...Investors speculating that the company might launch a bid for British tobacco company Gallaher were discouraged by the continuing lack of news....
...“We see Altadis in a strong position up to €48,” said David Hayes and Richard Stroud at Lehman Brothers. “Imperial will really want to get Altadis management support....
...However, not everybody sees Gallaher as a takeover target....
...But David Woo at Barclays Capital remained sceptical that the Europeans could successfully change the wording in the post-meeting statement to reflect their concerns about the yen....
...Gallaher is rated Baa3 by Moody’s Investors Service and BBB by Standard & Poor’s and Fitch Ratings....
...Gondola, which was floated in November at 320p and is chaired by Carphone Warehouse co-founder David Ross, also owns the ASK and Zizzi chains....
...Chairman Michael Jackson, finance director Martin Weigold and company secretary David Abdoo declared the sale of stock worth almost £5.5m....
...says David Adelman, a tobacco industry analyst for Morgan Stanley in New York. ?The tax on imports has declined and various regional manufacturers are signing agreements.?...
...In retail, a company really must know the market to be successful.Runner-up: Gallaher. Also shortlisted: Aviva, Cadbury Schweppes, Kingfisher....
...David Page, former chief executive of PizzaExpress, is chairman and majority shareholder....
...British American Tobacco added 0.3 per cent to 923p while Gallaher rose 0.7 per cent to 754.5p....
...Gallaher fell 1.3 per cent to 786p, Imperial Tobacco lost 2.2 per cent to £13.98 and British American Tobacco lost 0.9 per cent to 882p....
...Tobacco stocks were among the strongerst risers as talk of a bid from Japan Tobacco for Gallaher, up 1.4 per cent at 673p, continued to swirl....
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