Hints and tips:
...Rory Alexander, a fund manager at M&G, said he was concerned that CD&R would benefit from the UDG deal at the expense of ordinary investors....
...eleventh hour from a planned $300mn share sale being arranged by JPMorgan Chase (one of vanishingly few such deals in a market that until very recently had been lucrative for Wall Street banks, as DD’s Kaye...
...“There’s a cold wind blowing for more illiquid assets,” said David Lloyd, fund manager at M&G....
...M&G holds a small number of Vectura shares but Somel does not hold either PMI or Vectura in his fund....
...Morrisons’ shareholders Silchester, Legal and General Investment Management, JO Hambro and M&G Investments had all voiced objections. They did not immediately provide comment on the higher bid....
...M&G could not be reached for comment. Merger & acquisition activity in the UK pharmaceuticals and healthcare sector has been accelerating....
...Rory Alexander, fund manager at M&G, said last week that £10.80 a share “would still fall short of our expectations on behalf of our customers”. M&G is a top 10 shareholder in the company....
...Peltz’s stint at Unilever will probably be a smoother one than at P&G, where he waged a bitter proxy battle, Lex notes....
...Buyout groups are “acquiring publicly listed companies far too cheaply,” in deals that “fail to compensate [shareholders] adequately” said Rupert Krefting, head of corporate finance and stewardship at M&G....
...This week, Legal & General Investment Management, the UK’s largest asset manager, hit out at Clayton, Dubilier & Rice’s bid for Wm Morrisons, the supermarket chain, while M&G Investments and Allianz Global...
...Apollo and Reliance are planning a joint bid for UK high street pharmacy chain Boots, DD’s Kaye Wiggins and the FT’s Jonathan Eley and Chloe Cornish reveal....
...Kendall is passed over by his father to become chief executive, but still ends up singing a laudatory, cringe-inducing rap: “L to the O, G, A, N.”...
...Rothesay and M&G are appealing against the decision, with the case due to be heard in late October....
...Catch up on the story from DD’s Kaye Wiggins and the FT’s Kate Beioley here....
...Buyout groups are “acquiring publicly listed companies far too cheaply”, M&G’s head of corporate financing and stewardship Rupert Krefting told the FT. Private equity dealmakers are pushing back....
...Meanwhile, his group has been hit with applications for winding-up orders from creditors, DD’s Kaye Wiggins, Rob, and the FT’s Owen Walker and Stephen Morris reported....
...M&G chairman Mike Evans has taken a temporary leave of absence from the £339bn asset manager due to a stress-related illness....
...Bennett Goodman — the G in GSO who just stepped back from running Blackstone’s powerful credit unit — cut his teeth there....
...But we bring up the video for another reason: the cameo appearance by Bennett Goodman, the G in GSO, who appears dressed in a Hawaiian shirt and clutching a tropical cocktail....
...raises $25.6bn in world’s biggest IPO (FT) HK Airlines/HNA: chop, chop (FT) Blackstone weighs £4bn bid for UK student housing company (FT) Euronext returns to M&A trail with €84m Nord Pool deal (FT) M&G...
...Angelic of face and mild of nature, “Triple G” might be the hardest-hitting middleweight boxer ever....
...Mr Wheeler admitted he knew little about Mr Kaye or his background....
...M&G, the asset management arm of Prudential, has also scooped up almost 1,000 apartments in two separate deals....
...But again they consider a mix of societal (e.g. later marriages) and technological factors....
...200 Lehman conference pens, 12 pairs of Links of London cufflinks, 24 Screwpull wine openers inscribed “LB,’ 24 Titleist PRO VI golf balls inscribed ‘‘LB,” 30 girl Teddy Bears, 18 large, ivory womens’ F&G...
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