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....
...loan over $4bn to struggling buyout firms (Bloomberg) PayPal: M&A plans will be hampered by weak share price (Lex) Russian court bans UBS, Credit Suisse from subsidiary disposals (Reuters) Departing L&G...
...“There’s a cold wind blowing for more illiquid assets,” said David Lloyd, fund manager at M&G....
...You've got to be so strong in your neck for the G-forces....
...One considers E, S and G as inputs into an investment process, the other as outputs — or goals — to maximise. This conflict leads to myriad misunderstandings....
...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....
...Kaye Wiggins Yeah, it’s a really good question....
...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....
...Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why PepsiCo has sold off its big-name juice brands to a private equity firm....
...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....
...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....
...Teresa Heitsenrether, who oversees security services, and Troy Rohrbaugh, who leads the trading operation, are still in the running....
...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....
...“This is not only an investment opportunity for us, but a chance to change people’s lives for the better,” says Phil Bayliss, CEO of Later Living at L&G....
...Teresa Barger Cartica Management,Washington, DC, US...
...M&G chairman Mike Evans has taken a temporary leave of absence from the £339bn asset manager due to a stress-related illness....
...Yvo van der Pol and Robin Diener join from Goldman Sachs along with Alastair Warren from M&G Investments....
...The demonstration of grace and magnanimity displayed by Thomas — or “G”, as he is known in cycling circles — is a breath of fresh air....
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