DCC Plc Update – Starting the “Intertek Dance” ?
Two weeks after a £58 ($74) per‑share bid from KKR on DCC Plc was deemed too low, Bloomberg and Reuters report that KKR and its partner are preparing a sweetened offer. The situation mirrors a recent "dance" at Intertek Plc, where private‑equity firm EQT raised its bid three times in four weeks, ending at £60 ($76) plus a dividend. In both cases, share prices fell sharply after each rejected proposal, creating a potential merger‑arbitrage opportunity. Analysts now expect KKR to lift its DCC offer to roughly £70 ($89) per share.
Some Links 13/2026
The roundup highlights several investment‑focused pieces: Rob Vinall’s 2025 letter explains his recent exits from Prosus, PDD and International Pet; a Safal Niveshak article argues that value investing only succeeds over long horizons, not short‑term markets. Research from the Kansas...
Some Links 09/2026
The post curates a set of recent analyses spanning corporate finance, accounting, AI labor impact, sustainability, and macro‑economic outlook. Highlights include a deep dive into Sabre’s post‑Constellation Software strategy and a bill‑and‑hold revenue‑recognition case study. Anthropic’s report flags imminent AI‑driven...
Quick Updates: Frosta, Alimanetation Couche-Tard, Bombardier, Bouvet & Robertet
Frosta released a preliminary earnings update showing a 12% drop in net income for 2025, but its core brands delivered robust growth—16% for the Frosta brand and 18% for ready‑made meals, outpacing market averages. The company kept its dividend at...