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VOD 80% & NCC 20% - keep it in the Tech sector.
It is a shame, I am holding out for the extra pence and dividend so still a potential month to wait. I voted against at the court hearing.
Hi Doze All is lost, the Buys were by SoftBank and the Sells were from Arm's own Directors bonus schemes. SoftBank is buying every share that becomes available. Sells followed by Buys and no price change. There is no counter bid, so it's a done Deal. The Big Players made a truce some time ago to leave arm alone. I am 71% up so can't complain. I would rather hold on to them and in a years time they would be could be worth more than 1700. Whether SoftBank can manage arm or not is questionable. I won't invest in SoftBank. Another one bites the Dust. So sad! Bol
I know they used to fight each other but they are close neighbours and pragmatism rules in the commercial sphere. Son already does business there and will try and open up the market to ARM I should imagine.
As you see from my prev post Softbank is in the process of buying arm. However, I looked at the trading in arm and as you say massive Buys, but the big question is by whom? Softbank don't have to buy any cos if the the deal is approved they will get all the shares for issued for £17.00 each. I think this must be a hostile takeover attempt, so the question is can the buyer get enough shares to stop the takeover. Lots of questions like who is selling and what is going to happen to the Sp on Monday Opening? No doubt all will be revealed on Monday.
I've been away for a week or so an just checked ARMs trades, an noticed the number of buys are over 30mil! Something happened I missed?
Hi Doze, Still no sign of a counter bid and probably too late now anyway. You said "Softbank takeover and possible threat of Son working closely with the Chinese" which gave me the impression Softbank was Chinese. Can you expand on "working closely with the Chinese"? From BBC "As one of Japan's biggest mobile networks, Softbank's business has little overlap with most of ARM's customers - which may mean they won't see the takeover as a threat." Little overlap implies to me that Arm will pretty much remain independent, because of Softbank lack the knowledge to direct Arm's business. Why fix it if it isn't bust? Also "won't see the takeover as a threat." So probably no Counter Bid. Do you have any plans of what you will do with Arm funds? I am moving to House Building (the most undervalued Sector by a country mile Imho) and would increase my holding in Sage if Per < 28 and Peg < 2.71. Others to watch agma, nano, telit, iomg and fxif. Suggestions welcome. Bol
Good morning all, Thank you very much for you reply doze. :) :)
http://screencast.com/t/7M2ByiXWKGI That date is your voting deadline. Assuming there are not the required number of dissenters then the scheme becomes effective on the 5th of September with payment of £17/share and a 3.78p dividend some time up to and including Monday 19/9. The scheme is a fait a complis by softbank if voted through as they have the agreement of ARM on the terms and just waiting for the vote. Softbank could be gazumped and voters would probably then vote no at the court hearing but there are no signals that anyone else is to make a bid. This is my version anyway.
http://screencast.com/t/7M2ByiXWKGI That date is your voting deadline. Assuming there are not the required number of dissenters then the scheme becomes effective on the 5th of September with payment of £17/share and a 3.78p dividend some time up to and including Monday 19/9. The scheme is a fait a complis by softbank if voted through as they have the agreement of ARM on the terms and just waiting for the vote. Softbank could be gazumped and voters would probably then vote no at the court hearing but there are no signals that anyone else is to make a bid. This is my version anyway.
Hello guys, Did you get a message for shares aquisition regarding the deal with SoftBank?They offer the shares to be both for GDP 17.My broker HL sent me a message today with due date 24-th this month.I prefer to keep my shares,but I did not see an option how to do it.Will ring them tomorrow for more details. Have a good evening all.
seem to be adding to longs on the whole: why bother - a balancing the trades activity or maybe more corporate activity in the pipeline. A lot are declarations under the takeover code but they seem to hide the increasing longs within.
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You had set me thinking Nige_W so did some basic research at the weekend-lol!
Don't like this bit; "In particular, a scheme must be approved by those holding 75 per cent of the voting rights in the company, and thus its success depends largely on the cooperation of the target company�s board and its shareholders, making it an unrealistic vehicle for a hostile bid." Agree very worrying for Apple, Intel... and also Govt as platfom tec taken over by Chinese. I hope for a Counter Bid this week.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARM/12916754.html Action required As further detailed in the Scheme Document, in order to become effective, the Scheme will require, among other things, that the requisite majority of eligible ARM Shareholders: (i) vote in favour of the Scheme at the Court Meeting and (ii) pass the Special Resolution at the General Meeting. The Scheme is also subject to the satisfaction or waiver of the Conditions and further terms that are set out in the Scheme Document. http://whoswholegal.com/news/features/article/29552/public-takeover-offers-versus-schemes-arrangement In contrast with the offer process, which is led by the bidder, the scheme process is controlled by the target company. This feature has important repercussions for the utility of the scheme as a method of takeover. In particular, a scheme must be approved by those holding 75 per cent of the voting rights in the company, and thus its success depends largely on the cooperation of the target company�s board and its shareholders, making it an unrealistic vehicle for a hostile bid. My thoughts are that Apple and Intel may not want Softbank takeover and possible threat of Son working closely with the Chinese and putting up the price of Arm licences for them, the future could be difficult if something like that transpired.
I see what you mean: http://www.fool.co.uk/investing/2016/07/22/should-you-buy-this-weeks-flyers-arm-holdings-plc-stanley-gibbons-group-plc-and-fastjet-plc/ http://www.fool.co.uk/investing/2016/08/01/3-footsie-winners-you-should-have-bought-since-brexit/ A quick takeover One of the biggest stories of the month was the recommended takeover approach from Japan�s SoftBank for chip designer ARM Holdings (LSE: ARM), which gave shareholders an overnight profit of 41% and took the shares up 64% since EU referendum day. While the fall in the value of sterling following the vote definitely made a lot of UK companies look attractive as takeover targets, the speed of this one was surprising � though I�ve been saying I think ARM shares have been undervalued for quite some time. The bid of 1,700p per share represented a premium of 43% on the previous closing price, and today the shares stand at 1,672p � there�s still a tiny bit of uncertainty. A takeover at a P/E of 46 looks superficially attractive, but I think shareholders are selling too cheaply � and I�ll be sad to see this British success disappear from the FTSE.
Hi Doze I bet you a Zillion squid that: If a Joint bid buys arm I expect the price to be > 2200 else > 2800. Ha ha, you could infer that I have bought more, but my rules prevent me from doing this - arm > 25% my port! Now at 71% profit on original investment! Life Ok despite Brexit. Bol
Doesn't look like as I got corporate notification about �17 on 19/9 so must be done and dusted.
Hope you are correct. Good discussion on Motley Fool board. Finally back on the Web. Old Router packed in so I replaced it. Then Modem packed in and found that was owned by Virgin. Got new Hub from Virgin (combined Router & Modem). Which after 1/2 day phone call to Virgin still didn't work so they sent out a technician who replaced it - still not working! Another technician discovered it was the wrong Hub. He installed the correct Hub and Bingo! Back on. Not complaining about Virgin, all done for free by good technicians, but most inconvenient. The only problem was the wrong Hub was sent to begin with. Bol
I reckon next 10 days, something over £20....
Received in Belgium a letter from my broker that the mandatory exchange 17,00 GBP in cash per Arm Ordinary Share is set for September 19th 2016
fighting for bigger stakes?
A lot more sells happening than buys over the last few days. Would take a brave man to buy in at these prices.
thought it had to be sorted by november