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Any news on other potential take over bids?
It's a gamble. Offer 165, as soon as the vote/meeting happens, you can wait for the admin to take place and get 165 or you can sell immediately at a marginal loss. However, between now and the meeting there is a chance of a rival bid. So that's the gamble.
Was £1.71 on Friday. Is that to encourage more sellers. If the drop is because they are getting closer to the amount they need. If so, why don't we all hang on and the price may rise to tempt us. Or am I wrong.....
..to sell at this stage unless you need the money.
Needs shareholder approval. Still time for a rival bid.
If it is a done deal at £1.65
Nice summary W-W. The Board is in the know and can only act in the best interests of the company. Their recommendation is to accept the offer because that is the only offer on the table. If there are any other interested parties (a real possibility) they will surface before the vote.
I will vote yes - the construction industry is showing signs of cracking up....Brammers' margins have been decreasing due to Arco's increase in market share Hewdens have confirmed they are going bust, speedy hire are following suit Brammer are losing their competitive edge, the offer they have is a good one considering the uncertainty at the moment
Why not? Bunzl may declare its intention. Don't forget the current CEO has moved over from Bunzl. If the situation was a done deal the shares would be trading lower.
Why not? Bunzl may declare its intention. Don't forget the current CEO has moved over from Bunzl. If the situation was a done deal the shares would be trading lower.
Door wide open for another bidder. Not a final offer and shareholders have right to revoke acceptances - see detail in the statement...
This was excellent news this morning. Made a lot of money and now very happy. Sold out and invested in MKS
I believe the board has recommended the offer to shareholders therefore a done deal...
This is an absolute steal at 165p and my vote will be 'no thank you.' Go and find another suitor - 250p plus.
ell even got the takeover price correct but not the bidder. Just goes to prove that even a blind squirrel will find the odd nut. Get ready for Bunzl at 2 quid
I sold out, well not intencailly had a limit order on that I forgot about, made a good 130% profit though so cant complain really.
Well Bunzl trades on 1x sales vs Brammer on 0.2x. This is a cheap way for Bunzl to rapidly and cheaply boost sales (they are very active on m&a) and they would enjoy large synergies relative to Advent. Holding tight.....
Very good news for me, only bought a week ago at £1.03 nearly sold yesterday as it Was near my 10% threshold loss, happy days, it could go higher as you say if other parties put a better offer forward!
I feel robbed: was looking for 300p+ over 2-3 years. Maybe Bunzl will step in. The two CEOs know each other well....
Well I certainly didn't expect this when I woke up, defiantly good news. Although not read it in full yet Wonder whether we will get another rival bid?
Largest European distributor ? IPH / ERIKS Brammer ar clearly 4th or 5th??????
CFO of Brammer ex NED of Brammer for over 5. Years ????? Debt isn't the issue if you look at the balance sheet profitability is the issue. Why don't they ever split out each countries profitability?
Debt is very high hence why CEO has gone and new capital needed. And new CEO has clearly not liked what the recently departed head of U.K. was doing. I see that as progress. New guy was a NED at bunzl.
Senior exec team constant churn which is worrying and a senior NED is now a direct employee? Hopefully the announcement will address the main issue of profitability as it looks like the cash is not an issue