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Knowbodyyouknow, sorry I should have clarified what I meant by "force selling". Its not a compulsory sell of shares but when the company decide to go private it will be de-listed from the stock exchange so you wont be able to trade its stocks anymore, therefore the logical thing to do is to sell your shares back to the company. The buyer (The company/bidder) normally make a buy offer at a premium to the current market value.
OK fair enough. Just going by what I read on the Gov website. Gives three options, which include the 75% one, but doesn't mention compulsory purchase of shares. That said, I take you at your word, as I didn't spend that long examining the question.
Regardless, I continue to hold having purchased at 125p
Cheers
Mate, I've seen many companies listed on LSE gone private, a 75% majority vote is required to approve going private but they still need to pay holders to sell (Force selling - Normally at a premium on the share price, relative to the market value.)
You speak of US companies.
U.K. law is different. It can be done simply with a 75% majority vote.
"Companies cannot force shareholders to sell their shares in a buyback, but they usually offer a premium price to make it attractive.
Many well-known companies have de-listed from a major stock exchange at various points in their existence including Dell Inc., Panera Bread, Hilton Worldwide Holdings Inc., H.J. Heinz, and Burger King.
Privatisation can be a nice boon to current public shareholders, as the investors taking the firm private will typically offer a premium on the share price, relative to the market value."
" what happens to the equities owned by individual investors when the company is taken private, will we be forced to sell? "
Very much depends on what the conditions of "being taken private" are....
https://www.investopedia.com/terms/g/going-private.asp
Not if it’s been done by a mere vote. We get a share cert through the post and then nothing until when (if) the company is ever sold.
Unless you can find a buyer in the meantime.
what happens to the equities owned by individual investors when the company is taken private, will we be forced to sell?
Perhaps this is the route to taking the company private.
75% of votes needed I believe.
Yuri, what you just said applies to all fashion listed companies on all stock exchanges around the world ha
Anyway, I jsut read this on another board:
"Ameriprise is the ultimate parent of Threadneedle (which owns 8.79% of TED's shares)
This means the american wealth management company Ameriprise (10.430% from todays's RNS) and its Threadneedle(8.79%) own 19.22% of TED
[** A prestigious British brand with a ridiculous mcap such as Ted Baker must be catching the attention overseas investment firms.]
So between the founder Ray Kelvin (34.9%) ,Ameriprise/Threadneedle (19.22%) & Toscafund (17%) we have 71.12% of the company shares in safe hands.
E_AL
Previous seller might be out, but new sellers are on a way..
Furthermore this patient might not feel very well over next months - as well as any non-essential category retailer.
(so many instantly became toxic and some already declaring bankruptcies with all stock on a sale for cheap flooding markets and no buyers)
Buys almost 2.5x the sells, I think the seller is out or almost out & we'll see some recovery in April (back to 170-200p min.)
Vol. Sold 288,045
Sold Value £292.08k
Vol. Bought 752,323
Bought Value £762.86k
Is it going to zero?
Just added a little bit more
zahirmiahoutlook
Like someone said earlier, it must be a forced liquidation before April (for Tax loss purpose)
Twice as more buys shorts still playing us