Biffa Share Discussion Threads

[spob] 22/2/2008 06:40

Terra Firma in talks with Suez over 1.5 bln stg counter bid for Biffa




LONDON (Thomson Financial) - Private equity firm Terra Firma is in talks
with French industrial group Suez to launch a 1.5 bln stg counter offer for the
waste management company Biffa PLC, said The Daily Telegraph quoting sources
familiar with the situation.
Earlier this month Biffa's board accepted a formal 350 pence-a-share offer
valuing the company at 1.2 bln stg from a private equity consortium comprising
Montagu and Global Infrastructure Partners (GIP), an investment group backed by
General Electric.
However, The Daily Telegraph today said that Guy Hands' Terra Firma is now
in advanced negotiations with Suez to form a powerful consortium planning a
rival bid for Biffa.
Sources familiar with the situation said Suez has also held talks with
several other private equity firms, including Montagu, to launch a joint offer
for Biffa.
Despite recommending Montagu and GIP's offer, Biffa also said in early
February that it had been contacted by third parties potentially interested in
submitting an alternative bid proposal.

[46pete] 21/2/2008 10:21

I remember the festival well ,great times.

[mitzis] 21/2/2008 09:55

Jimi was the best my mate met him at the IOW festival in 69...he was the real thing.
Lenny is he funny..?

[badtime] 21/2/2008 09:53

Think u will find its Henry

[46pete] 21/2/2008 09:51

Mitzis,is Lenny Hendry a distant cousin of Jimi Hendrix

[46pete] 21/2/2008 07:40

Groover,I have thoughts on selling but something keeps saying hold out.Biff is a good solid company.

[groover66] 20/2/2008 22:39

Glad to know someone else is out there Pete. Been scouring the media, heard nothing. I'd like to know if there's a timetable for this thing. The longer it takes the more tempted I am to sell, maybe a third of my stake, at the present price. I see it as a gamble, pure and simple. There's just know information out there I can find. Strange days indeed. This year, hugh losses on sound companies, Americas heading for their first black president and Lenny Henry's back on the BBC. Anything could happen.......... Still holding.........

[46pete] 20/2/2008 18:17

A pretty uneventful day,any thoughts?

[46pete] 19/2/2008 17:35

Oh,Deepheaven!!!

[46pete] 19/2/2008 10:18

Look at the price they paid for the shares.

[badtime] 19/2/2008 09:20

How do u know tht?

[46pete] 19/2/2008 09:05

So Centaurus are proping up the share price,lets hope a deal is struck soon.

[nick barnes] 18/2/2008 10:43

I am holding BIFF, SKS, NVE & PEC as I like this sector very much. Looks like it has come alive with approaches for this one & Novera. Could be alot of decent value to come out of all these plays over the coming year.

[john hampton] 18/2/2008 08:45

Article in FT about "Gems hide in a load of rubbish" mentions recent takeover activity for obvious reasons, mentions a few stocks and a couple of micro stocks that could shoot up in value in this sector, namely Augean (AUG) & Prometheus Energy (PEC) What do you guys think about these ones, anyone had a look yet?

[inv] 18/2/2008 08:40

here comes bid from Centaurus. Biffa board meeting planned for 11 am

[groover66] 17/2/2008 17:45

It described Biffa as a unique business with plenty of interest from several suitors. I'm inclined to see this through to the end, only expected 3.50 so any more is a bonus. And if its in the Mail, its a dead cert ....they never get it wrong ! Still holding........

[mitzis] 17/2/2008 15:41

Charlie says take 390p according to Sunday Mail.

[46pete] 15/2/2008 10:51

Agreed,we do have the 350p cushion.

[groover66] 15/2/2008 10:26

Point taken, but who knows? I wouldn't buy at this level. I'm gambling a 15p drop on maybe a 25p gain. Lack of news doesn't help. Still holding....

[46pete] 15/2/2008 10:21

Still a bit of life in the price early on.

[badtime] 15/2/2008 09:59

Surely if something was going to happen it wud of by now