STANDARD CHARTERED
UNCOOKED ALERT: Standard Chartered said to ...
Standard Chartered, the FTSE 100-listed banking group, has come under the spotlight amid a fresh round of takeover talk.
People following the situation have heard rumours Standard Chartered has attracted more takeover interest.
Some people following the situation had heard speculation the interest had come from the Gulf region in the Middle East, possibly Abu Dhabi or Saudi Arabia.
In January 2023 Bloomberg reported First Abu Dhabi Bank had hired advisors to work on a takeover of Standard Chartered but then walked away from the deal after the news agency unveiled its plans to buy the emerging markets bank.
Last week British fund managers also suggested that Standard Chartered could be a 'takeover target'.
Ian Lance, who runs the Temple Bar Investment Trust, told Trustnet that: "If a big US bank wanted to have a footprint across Asian markets, they could buy Standard Chartered and even its chief executive officer admits that its share price has been crap."
Readers should be aware that some of the takeover speculation surrounding Standard Chartered has been priced into the stock as the company's shares have risen 15pc over the last month.
To be clear, the above story is UNCOOKED. In case you don't remember I have pasted the definition of UNCOOKED below:
UNCOOKED: Market gossip as Betaville receives it. This scuttlebutt has just come in and hasn't been checked with all of Betaville's well-informed RARE sources let alone formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.