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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The Italian telco is indebted and adrift, having failed to clinch GVT in Brazil. No wonder predators are circling. Reported bid interest from industry veteran Sol Trujillo may not go anywhere – but it underscores the need for TI to produce a clear plan for capital and strategy.
Britain’s biggest retailer is overrun with strategic and operational problems. And it must keep investing despite a weak balance sheet. A rights issue is impossible for now due to a lack of trust in the numbers. That leaves holding the dividend down and making disposals.
Norway’s Yara is talking to U.S. rival CF Industries about a $27 bln tie-up. The two boast similar valuations and could reap sizeable synergies. Hence a near-$1 bln jump in Yara’s market cap. But a merger of equals is one of the trickiest deal varieties.
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- Bayer’s plastic float sows seeds for one more sale
- SAB could brew up more value without AB InBev
- What's stopping a Heineken tie-up with SABMiller?
- Club Med auction returns to work refreshed
- Electrolux on better side of $3.5 bln GE deal
- Brazilian broadband battle is all about Bollore