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21 days from day after scheme comes out
And in fact a new bid is allowed even now
No sign yet of any other offers , someone say a Hail Mary ?
Interesting - let’s check what is correct - a big difference between - 14 and 21
Thanks
According to the site I attached earlier if “D” is the date the scheme document is issued/announced, the last date for a competitive bid is normally after 14 days, not 21 days after , “D” day.
“D + 14 is the last date date potential competing bidder usually allowed to clarify its intentions (assuming court and shareholder meetings to be held on D + 21).”
Surprised
1.27 , and I expected 1.23 as Uk interest rates are expected to drop this Summer before Usa ones
I think new bidders are allowed to Bid only once “ The scheme “ comes out … very soon
Then a 21 day window to offer and bid more … the fireworks are coming soon :) :) … I pray :)
Scheme doc will be out soo
The. +21 days to vote
That’s the time another potential bidder has a window to bid, after that it’s done deal (pending regulatory approval)
Lending
It’s easy
Just email Darktrace investor relations team if unsure of timeline
The only timeline I know of is the one in the attached document. Seems some of the timing is indicative and the other obligatory.
https://resourcehub.bakermckenzie.com/pl-pl/resources/global-public-ma-guide/europe-middle-east-and-africa/united-kingdom/topics/timeline
Exactly where we are in this scheme of things I don’t know, but certainly we have moved on from “A”.
The scheme “ scheme “ when announced , kicks off the 21 days is my understanding ?
So if the scheme come out say Wednesday this week it will outline the timetable for a vote , 21 days from announcement of the scheme
That’s what I think I heard from Dark IR team
CR888 - I got a letter from the company about 2 weeks ago “announcing” the take over and quoting the relevant clause. I thought this was “A” day. If this is correct - but am open to an an alternative interpretation - we are well into the 21days already.
Good point HKK
Also the Head of Darktrace IR is away on Holiday til 28 May so I expect a bid in early June
I think any other potential bidders will already have a firm footprint in UK/Europe so from my perspective it would be the get market share in this space and/or increase ARR/customer base to cross/up sell to
Agree with both HKk and AI investor
So I believe from early June bid ( s) will come
Let’s say Scheme is announced within the next 7 days , even this week
Then bids should come in by 10 days ( half way through the 21 days ) so exciting
TB made low low bid , so that they can “ Trump “ the higher bid at 700 p by offering 810 p ! Then done
You all have a week to 2 weeks to buy back in … if you believe a bidding war will start
Dark gives usa firms a foothold into Europe / Uk
That’s because we allow our broken LSE to short all our good stock to the ground so they can be given away - law needs to change and fix this currupted broken 🇬🇧 stock market
It’s a joke that the BoD have “recommended” such a poor premium as the SP would be in 550 territory with good forward growth so taking an 11% premium is a complete joke and I wonder if genuine IIs & PIs would vote for such a small gain 🤔
I hope so charles, what a awful offer this is.
The share price would be approx 5 pounds without any bid. The new value as kitty says is 6.10 pounds. This is not fair value for a takeover
We undermine our economy by selling off the most dynamic tech and biotech companies. From Cambridge alone: ARM, Solexa, Domino, Abcam, Heptares, Darktrace....So short-sighted!
Change - and much better valuations - may be at hand. See Will Hutton in The Observer https://www.theguardian.com/commentisfree/article/2024/may/19/weve-got-the-talent-and-the-tech-so-why-cant-britain-grow-its-own-world-beaters
$7.75 is now £6.10
Yes please come on microsoft. Buy darktrace for 8 pounds a share
Buffa
As interest start to come down - stock markets go up - including Tech
It’s a cash offer so far I believe
God does work in mysterious ways
It’s years since I have been to church except high season or random visits to see if any cute girls visiting too
Joking aside - the price is so low I expect a bidding war to happen with 2 higher bids and even 4 higher bids
Nothing at all would be robbery ..
Strangely not much news on ML court case ?
The scheme will be announced within next week or latest around Tuesday the following week
Then the 21 day count down
May the fireworks begin ! :)
Have faith !
American markets higher on little volume from retail investors. Institutions predominantly holding or selling. IMO US markets due to crash this year hence rise in metals as so-called safe-havens. All the indicators I watch also indicate the UK will follow US down regardless of Hunt Hype.
CR888, I join you re a prayer !! Think there will be another bid and there's plenty of time for that !! Another bid could be prepared and takes only a single communication. With hindsight could have sold at 620p, but hold on for a bid as not worth selling now for sake of 3% share price. Has there been any mention of being paid in USD 7.75 X qty shares ?
HKK so far is right - the pound is strengthening weirdly against US dollar … now 125 to 127 and so far 620 p becoming less …
Now is the time for a prayer to God
Dear God , please find a new buyer by June 10 th for Darktrace ( promise I will donate some of the extra profits to Charity ) or please God make a no vote happen so that TB need to offer more ..
Thanks ,
Let’s see if this works guys and girls
Totally agree CR888. i cant believe someone hasnt outbid bravo. Seems crazy