M&A

Sunday, Jul 12 2009 by

A place to discuss Centrica's M&A activity


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Centrica plc is an energy and services company. The Company's segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage. The Energy Supply & Services-UK & Ireland segment includes UK Home, UK Business and Ireland. The Energy Supply & Services-North America segment includes NA Home and NA Business. The Company is engaged in the supply of gas and electricity to residential customers in the United Kingdom, and the installation, repair and maintenance of domestic central heating, plumbing and drains, gas appliances and kitchen appliances, including the provision of fixed-fee maintenance/breakdown service and insurance contracts in the United Kingdom. The Company is engaged in the supply of gas and electricity and provision of energy-related services to business customers in the United Kingdom. more »

LSE Price
189.93p
Change
-0.2%
Mkt Cap (£m)
10,643
P/E (fwd)
11.9
Yield (fwd)
6.5



  Is Centrica fundamentally strong or weak? Find out More »


4 Posts on this Thread show/hide all

MrT 12th Jul '09 1 of 4

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/5806270/Centrica-turns-hostile-with-1bn-takeover-bid-for-Venture-Production.html

People close to the situation said Centrica had been left with no option but to go hostile after failing to enter into constructive talks with Venture's management team about an offer. Venture sources claimed, however, that the company had only held limited talks with Centrica about its takeover approach.

 

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MrT 12th Jul '09 2 of 4

Worth cross-referring to the same topic but from a Venture perspective here: http://www.stockopedia.com/forum/view/28046/venture-endgame

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emptyend 12th Jul '09 3 of 4

See also in the general sector M&A thread from here: http://www.stockopedia.com/forum/view/28067/ma?comment=72#72

Personally I'd think that the outcome of this particular bid battle could be pivotal for sector sentiment...... though if Cntrica have read it right (since they claim their offer will be final) it could yet be a coup for them. IMO I think other deals won't take long to come out of the woodwork.

ee

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Isaac 12th Jul '09 4 of 4
5

IMO I think other deals won't take long to come out of the woodwork.

 

Quite amusing you say that. Soco recieved a bid October last year, 9 months on and we have'nt even got an offer. Venture which recieved a bid and now an offer much later then Soco are much closer to the finish line.

These things can drag(on) :-).

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