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Elementary I really hope your right. One thing about takeovers is that major stack holders will usually defend the status quo if they feel the bid does not provide value. Also gives a clearer picture on long term views. I expect major share holders have probably averaged down during this drop in price and therefore difficult to gage what the response will be.
Good Post slipanchor, and valid point raised warren1907. IMOO there could be considerable M&A interest in HUR while it’s SP remains at these very much undervalued levels, however, question is not wether there is or will be interested parties for a takeover here but if yes, at what price/market capitalisation, as again IMOO, HUR bod/key shareholders would want and expect an unusually significant premium on present day levels if a bid is to eventually become successful, please DYOR.
Sorry warren but you cant possibly have read that anywhere
Thanks Slipanchor.
A far more constructive response than johnpwh!
Minimum level of consideration: If a bidder acquires an interest in shares in the target company (i) within a three month period before the commencement of the offer period or (ii) between the commencement of the offer period and the announcement by the bidder of a firm intention to make an offer, then except with the consent of the Panel, any offer by that bidder to shareholders of the same class must not be on less favourable terms.
Further, if, after the announcement of a firm intention to make an offer by the bidder but before the offer closes for acceptance, the bidder acquires any interest in shares above the offer price, the bidder is required to increase its offer to not less than the highest price paid for the interest in shares acquired in this way.
Requirement for particular forms of consideration: If any shares are acquired during the offer period for cash, or 10% or more were acquired for cash during the preceding 12 months, the offer must be in cash (or include a cash alternative) at not less than the highest price paid during the offer period and the preceding 12 months.
Not sure if this helps.
I wonder who ticked the post up? Perhaps hey just thought it was a good joke!
No. That's not how it works (unfortunately in this case)
warren, what planet are you on?
if (big IF) there was a takeover offer am I right in thinking that it has to match the highest price paid per share in the previous 12-month period? If so, that would be around 46.4p a share. Interesting that the threshold for that would reduce by about 10p a share as of next week.