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"going directly to the company's shareholders or fighting to replace management to get the acquisition approved."
Yup. Has happened often. US tech company EMC did it with Data Domain.
They were selling to a rival and then sent an open letter declaring a higher offer. Had to go with the higher offer
Well----There could be if offers rejected "A hostile takeover" where the acquisition of one company (called the target company AA) by another (called the acquirer) that is accomplished by going directly to the company's shareholders or fighting to replace management to get the acquisition approved. Been done before ....stops the directors acting in their own interest and not in the interest of the investors. In effect the major sharehoders then call the tune not the directors.
Jed,
That what I thought, earlier today I ask for information of placing of £1 (turnout it was their opinion) and re read the rns’s Look like they are focus on re-financial.... and look out the II shareholder (JPMorgan Chase & Co. act for buyer who want increase the shareholder for vote etc) see how long they get to 20/30% from just over 5% today then T/O is real possible as CEO have no control with vote etc.
Look out for oversold perhaps not today but soon Shorter need decide as there is 2.53% which they need to buy before T/O.
In my view..... GL to you all but decide not for me.... this share could go either way ...
Hi jedclampit,
I think it was Clint Eastwood who said that ' if you want a guarantee, buy a toaster; if you want loyalty, get a dog'.
Sounds like him, anyway !
ATB
Many new investors have bought into AA. over the last 1-2 weeks thinking they are all going to make a killing on the sp with offers of 40p -60p.
But the BOD's might after looking at any real offers decide to reject them all and stay with their original plan to re-finance and the sp fall back to 25p-30p. There is NO G/Tee that any offer will be at the right price is there.