Italy’s manoeuvre to derail UniCredit’s bid for Banco BPM without formally vetoing it hasn’t gone unnoticed in Spain, MKP Advisors write as the...
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Expansion: BBVA-Sabadell takeover bid: political interference scares off arbitrage funds
El interés de los fondos arbitrajistas por la opa BBVA-Sabadell ha ido cayendoprogresivamente. Así lo apunta Thomas Nienaber, managing director de...
The Wall Street Journal | Financial Services Roundup: Market Talk
Competition concerns on the BBVA-Sabadell deal seem surmountable but the real issue is the political landscape, MKP Advisors' Thomas Nienaber says...
Bloomberg: Mediobanca Bid Fuels Italy’s ‘Game of Thrones’ Over Generali
“Given the ownership structure, this seems to be all about Mediobanca defense,” Thomas Nienaber at MKP Advisors, an advisory firm, wrote in a note...
Reuters: Germany’s Merck KGaA in $3.9 billion deal to buy US biotech firm SpringWorks
Equity research firm MKP Advisors was among those who speculated rival bidders might emerge. "The market might hope that the offer price, lower than...
Financial Times: ITV investors back a potential deal involving UK broadcaster’s studio arm
Mark Kelly, Chief Executive of financial advisory firm MKP Advisors, said that “if you put a conservative valuation multiple on the production side...
Bloomberg: UK Bankers Gear Up for Busiest Christmas M&A Week in Years
UK takeover rules require suitors to firm up their bids within 28 days of takeover interest becoming public, so every day counts even if the...
Financial Times: Canal+ shares slump a fifth on disappointing London debut
The performance will come as a natural disappointment to those looking to re-establish the London market as a choice listing venue,” said Mark...
Financial Times: How Aviva won Direct Line in eight days
Still, the deal should deliver Winslow £1.1mn in cash and £1.2mn worth of Aviva shares, or a total of £2.3mn, based on his share options as of April...
The Telegraph: Drivers ‘risk higher car insurance premiums’ under £3.6bn merger
Mark Kelly, chief executive of investor advisory MKP Advisors, said: “It’s a consumer-facing business where prices are going up, so the CMA is going...