Probably because the Shneider shre pric has risen from Euro 58 to E61. The danger is that Bloomberg report Schneider as seeking a £2.56 bn.loan. I shall probably hang on to the shares I get and continue to buy on the dips. GL
6 Aug '13
Invensys share price
Why are current buyers paying 503+ when the offer is around 502? Is it a low cost bet on another higher offer coming in during next 6 months ?
1 Aug '13
Schneider and Arsenal58
It looks as if they have just saved themselves 3 p per share. Is it now a done deal? The cash element has gone up about 50 p which is something. Arsenal58 you were right and I am glad I finally pressed the button.
26 Jul '13
SP Going down
I am beginning to wonder if Schneider are going to walk away with this or with the current lack of interest and optimistic sp they w ill come in at a lower figure. Almost tempted to buy back in - almost!!
24 Jul '13
Thanks for your comment, which I respect and so far you are right, apart from the rise on Monday morning. I actually on balance agreed with you particularly when I realised that the share part of Schneider's offer was of French shares on the Paris Bourse which as far as I am concerned are of no interest whatsoever. I gather that UK funds can only invest in UK shares so I am not alone. This would suggest that an all cash deal would be preferable so if I were a rival bidder I woiuld be offering less than 505p but all in cash. I sold on Monday as sp came off its best at 517p or thereabouts. I could have had that had I not waited but fortunately hit the button before it got substantially lower..
15 Jul '13
Re: Poss GE Bid
There is no guarantee of a GE bid. 5.05 is at 30 times earnings vs 13 for the sector, so a good deal ?.
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