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Deffo going out this , can see 175 on the table soon
typo that 0 should be a close bracket ).
That jumped quick.
happy days.
takeover is back on again ,i think
NO, this is the RNS setting up a "formal sales process", there are now two (at least 0 bidders and IMV it is now VERY likely that a sale of the business will occur. well done to all holders(assuming of course your average is below the current SP)
what is the actual news sorry new to this
RNS other interested parties - tosca ?
Sudden jump... Insiders again.
TED’s in an offer vacuum, so why would there be a rally? It’s also at a falsely raised sp because of the offer, so again there’s nothing to drive a rally. The top offer price thus far does however suggest the sp is considered genuinely (and unrealistically) low by the institutional investors even at that price, but the likelihood is a fall back on there being no improved offer. In that scenario pressure will be on the board to justify their rebuttal of 137p by fairly quickly getting the market value to that point. There remains significant opportunity to return TED to much better days, but again the offer demonstrates the board need to walk the walk now more than of late. Times up - no excuses - put up or change the guard.
I hope, sp start the rally tomorrow. My target price is over 2.25. I believe, ted has to climb.
Two corrections - the Times article goes on to say that Oasis have held for over 2 years and have declared because of more stringent reporting rules under the possible takeover scenario, and
932...are you confusing RK's declaration of his personal holding with Sycamore?
See RNS on 1 April at 17.29 . The heading is slightly confusing but the holding is quite clearly that of RK
The vultures descend, the board need to stand up here and say that they are not for sale. Hostile ruddy takeover :-(
Let it run and we will be £5 in a few years.
A second activist investor has emerged on Ted Baker’s share register just days after the fashion chain rejected a £254 million takeover approach.
Oasis Management Company, the Hong Kong investment firm founded by Seth Fischer in 2002, previously took an activist role at Premier Foods and joined the board of the Mr Kipling cakes maker after agitating for a change in management. Oasis now has a 2.47 per cent stake in Ted Baker, according to stock exchange filings.
Ted Baker has confirmed it turned down a second approach from Sycamore Partners, a New York private equity firm, at 137½p a share. Sycamore, which has also been linked as an interested suitor in the Boots auction, made an initial 130p-a-share takeover offer
I can't read article because of sub, please someone advice.
sycamore bought 11,4 % stake in ted baker in latest filing
fully agree with this bit
'get a sense of any possible weakness among the Board'
that is the reason for the price.
I'm assuming Sycamore were simply using their offers to signal wider intention in this sector and/or to get a sense of any possible weakness among the Board and institutional shareholders. I don't think they will come with a sensible offer and then the Board and executives can press ahead with the transformation without the distraction of any further trolling-offers by Sycamore or other bidders at a low-valuation level
lets just hope if there is another offer its a serious one - min 1.50 i would imagine but if they actually wanna buy Ted who knows .
All very quiet running into the weekend with virtually no news or articles since Monday which leads me to believe something is cooking.Would not want to be out of this weekend as there is only one more weekend before the deadline after this
movement again - wish i knew what was happening :)
It looks as though I'm not the only one making mistakes this morning. The coffee is kicking in now. 330 would be great though...
It was a bit silly dropping this to 116p when there were already two proposals of 330p and 337.5p on the table and it would have been rude not to take the opportunity. Hopefully a formal bid appears by the 15th and maybe a bit higher still.
sorry wear not where.
Sorry, brand not band.
Ted fits into the premium band market and is a good place to be. Obviously they are not going to compete with the likes of Hermes or Chanel but they are in an ideal place. The problem with some of the luxury brands is the people who where them. Gucci and LV have been taken over by the nouveau riche and they are so counterfeited that who wants to be seen wearing their wares.