Quentin Webb is a Reuters Breakingviews columnist, covering mergers and acquisitions, corporate finance and private equity. He is based in London. Before becoming a columnist, he was a news reporter for Reuters, where he was most recently European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. He joined Reuters in 2003 from Legalease, a legal publisher. He has a first-class degree in psychology from University College London. Follow Quentin on Twitter @qtwebb
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It’s six months since Microsoft closed the purchase of Nokia’s once-great handset business. A big earnings beat shows the Finnish group is now thriving in network equipment, even as rivals struggle. Still, questions remain over U.S. telco capex and profitability in mapping.
The Dutch fish and animal-feed giant is about to be gobbled up in a $3.4 bln friendly deal. The buyer is SHV, the family outfit behind the Makro cash-and-carry chain. With no synergies, this deal is better seen as a long-term bet on growing global demand for protein.
Doubts over the $55 bln takeover have hurt Paulson, Elliott and other hedge funds. This caps a dismal half-decade for merger arbitrage. Bids have been scarce and spreads narrow. And the biggest, most investable deals often come with the worst political and regulatory pitfalls.
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- European IPO wobble is about more than volatility
- Portugal Telecom's a stretch for French cable king
- Rio Tinto can dig in against Glencore
- Time for Telecom Italia to set its own agenda
- Tesco needs to lighten the debt load