Bettaville : NeXT Ftse100 bid : impérial Tobacco?

Deal watchers looking for the next big FTSE 100 deal should read Ian King's excellent column in today's The Times.

According to the Sky News business supremo, high-level investment bankers have told the former The Times business editor that the next FTSE 100 takeover bid could be carried out by a Chinese bidder.

I can't provide you with the link to Ian's article because The Times appears to have changed its website as part of a re-design, so if you want to understand why a Chinese bidder might buy a FTSE 100 company I would advise you to buy today's newspaper.

However, I'm sure Ian's insight will trigger all sorts of speculation about which FTSE 100 company the Chinese might buy, with Imperial Tobacco already named as one potential target.

In case you don't recall, last December Bank of America Merrill Lynch argued China National Tobacco Corporation was/is the most likely buyer of Imperial Tobacco. Here is a link to a piece I wrote with Bank of America Merrill Lynch's note: