Quentin's Feed
Feb 26, 2013

Breakingviews-CME-DB deal is both justifiable and unlikely

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Quentin Webb

LONDON, Feb 26 (Reuters Breakingviews) – A $32 billion union
between CME Group (CME.O: Quote, Profile, Research) and Deutsche Boerse AG (DB1Gn.DE: Quote, Profile, Research) is
logical – and unlikely.

Feb 22, 2013
via Breakingviews

Heinz deal suggests Big Food deserves a fresh look

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opini0ns expressed are his own.

After the Warren Buffett-backed takeover of Heinz, Big Food merits a fresh look. Makers of meals, sauces and spreads may offer better value than is immediately obvious.

Feb 19, 2013
via Breakingviews

Mega-buyout in UK mobile risks skinny returns

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A 10-billion-pound leveraged buyout of Britain’s biggest mobile operator would be dazzling in its sheer ambition. But the payback would be more in short-term glory than long-term financial returns.

Feb 18, 2013

Breakingviews-Mega-buyout in UK mobile risks skinny returns

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Quentin Webb

LONDON, Feb 18 (Reuters Breakingviews) – A 10-billion-pound
leveraged buyout of Britain’s biggest mobile operator would be
dazzling in its sheer ambition. But the payback would be more in
short-term glory than long-term financial returns.

Feb 14, 2013
via Breakingviews

AB InBev moves fast to keep Mexico prize

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Anheuser-Busch InBev is moving fast to save its Mexican ambitions. The world’s biggest brewer has rejigged its $20 billion buyout of Grupo Modelo two weeks after regulators objected, worrying that U.S. drinkers would suffer. In response, AB InBev is relinquishing any claim to Modelo’s beers stateside. That could prevent a long legal fight, while keeping the deal’s rationale largely intact.

Feb 1, 2013
via Breakingviews

AB InBev setback may hasten last round of beer M&A

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A deal setback for Anheuser-Busch InBev may ironically hasten a last round of consolidation in beer. The U.S. Department of Justice opposes AB InBev’s $20 billion plan to buy out the other half of Grupo Modelo, the Mexican group behind Corona. The world’s largest brewer may yet find a workable compromise. But if not, an obvious plan B exists: the long-rumoured takeout of SABMiller.

Jan 25, 2013
via Breakingviews

Ticket to ride up London’s Shard looks toppy

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Why the dizzying cost to gawp out at London from the top of the Shard? From February visitors can pay nearly $40 to watch the world go by from the top of Renzo Piano’s striking tower. If the weather obliges, the view from 310 metres up will astound. But the cost is steep compared to viewing other great cityscapes. Blame the footloose global rich.

Jan 18, 2013
via Breakingviews

What Nokia needs to do in 2013

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

What does Nokia boss Stephen Elop need to do this year? The ailing mobile giant he leads ended 2012 surprisingly strongly. But the market remains understandably wary. To convince sceptics, Elop’s biggest task is ensuring top-end smartphone sales really take off. The strategy for cheaper phones may need a rethink. Floating Nokia Siemens Networks, the revamped network-equipment unit, would help too.

Jan 18, 2013

Breakingviews:What Nokia needs to do in 2013

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)

By Quentin Webb

LONDON, Jan 18 (Reuters Breakingviews) – What does Nokia
(NOK1V.HE: Quote, Profile, Research) boss Stephen Elop need to do this year? The ailing
mobile giant he leads ended 2012 surprisingly strongly. But the
market remains understandably wary. To convince sceptics, Elop’s
biggest task is ensuring top-end smartphone sales really take
off. The strategy for cheaper phones may need a rethink.
Floating Nokia Siemens Networks, the revamped network-equipment
unit, would help too.

Jan 17, 2013

Breakingviews-AT&T should beware a value trap across the pond

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)

By Quentin Webb

LONDON, Jan 17 (Reuters Breakingviews) – AT&T (T.N: Quote, Profile, Research) should
beware a value trap across the Atlantic. Some top brass at the
U.S. telecoms giant see a “unique opening” to buy a sizeable
European counterpart, the Wall Street Journal reported. With
valuations at their current low and debt finance dirt-cheap,
running numbers makes sense. But cross-border tie-ups offer
limited cost savings. Besides, European operators are cheap only
because markets are tough. The Dallas predator would need to
spot some serious hidden value for such a deal to make sense.

    • About Quentin

      "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."
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