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Will there be a compulsary cash value if they merger? Myself & hubby have shares £5k each & to break even we need 1.60 (bought them when they first floated & averaged down to 1.6) so am reluctant to take cash at a loss. Am willing to wait for value to increase (don't care what name it is under) so long as have chance to recoup. What I dont want is if we are forced to take cash. Does anyone know what will happen? Any info gratefully received.
You can either take .9 of a resolution (RSL) share currently trading at 82.25p or cash for first 2500 shares so all of yours at 79.4p. Latter right looks to be best value, but may not be in long run!
If i have 1770 fp shares what would i get back in return with the current merger deal on offer?
Life assurer Friends Provident has terminated talks with Resolution. Friends Provident received a revised proposal from Resolution yesterday (26 July) which the board has rejected as the terms and structure of the proposal remain wholly inadequate. The proposal involved Resolution acquiring Friends Provident for 0.82 of a Resolution share for each Friends Provident share, valuing Friends Provident at 74.6p a share at Friday's closing price. The proposal included a cash element of £500m. The board of Friends Provident sees no basis for further engagement with Resolution and has terminated discussions.
sold at 75 just hit it last week,
well it seems another revised from resolution is the offing. see reuters. and sunday papers today,talking about a sweeter bid!! see what monday does to FP and we need to see what happens to RSL shares as they may become the pray of FP............twilight zone>
Having earlier this week rebuffed an all-share approach from Clive Cowdery's Resolution Group, Friends Provident has audaciously proposed its own takeover of Resolution. In a letter issued today to Resolution, Friends Provident proposes that it will become the holding company for the group. Friends says it can see advantages in the consolidation of the UK life insurance industry and proposes a combined entity with Trevor Matthews of Friends Provident as the Chief Executive. Mike Biggs of Resolution would be chairman and Clive Cowdery would become Executive Deputy Chairman responsible for consolidation strategy. It has not addressed the issue of terms but, while it has made clear that the terms proposed to date by Resolution remain wholly inadequate, it has invited further discussions with Resolution to agree an appropriate exchange ratio. Following this latest development, the share price of Resolution moved up 2.75p to 91.25p, up 3.1%. Friends Provident's share price slipped 0.78p to 71.22p
well up again today my target is 75p hope they get there,sure they will. Will have a look at RAB,oli
have a peek at RAB. not in yet but read the boards, looks a good opportunity
am watching these,limit set for today,opening rumours suggest a turbulent stocks open,we'll see,hope the good week continues
you might well see the mid 70s but watch out for profit takers after a decent run. just sent you an email. let me know what you think. ATB OP
they were up 15% the other day,can theymaintain the momentum like a tennis player,i think the mid 70s look like the target
Thanks for this. Sorry, I missed the RNS but agree that the offer is unlikely to be of interest many private investors.
I have not really follwed FP. so unsure, I can see from scanning the FP. If you read the RNS it will show 0.8:1 so i'm not interested... And I think you can see from the market reaction, not really moved much...
RNS from Fp. on the subject http://moneyam.uk-wire.com/cgi-bin/articles/200907130941425474V.html
If there were to be a successful bid here, what level of premium, if any, would you anticipate?
hi there ,yes will be but later see you then if your in,do we think these will rise about 15%?
morning mate! u working today?
FP looking to buy bid in the air,what do guys think price wise and the future of this stock?
http://moneyam.uk-wire.com/cgi-bin/articles/200907130700145306V.html Report being rejected, but also feedback for consideration... Could go well today???
http://www.thisismoney.co.uk/markets/article.html?in_article_id=488432&in_page_id=3
I have FP shares in an ISA and have been offered some F&C (Foreign and Colonial) Asset management shares after the demerger. My ISA provider has sent a letter asking if I want to sell the new F&C shares but I know nothing about the company and I have not been given even a vague idea of the price. I am not sure if they are the same company as FRCL. i would like to have a bit more information before I make a decision to sell or keep. Is anyone able to help me. Please ;-)
Next Dividend Date 24 Jul 09 Payment of interim dividend (for the year 2009) 26 Jun 09 Record date (interim dividend) Some nice big buys gone through, £175K & £196K amongst others
On my HB account it has allocated a 1 for 1 share from FP. to FP.X, the SP pf FP. is 71.5 and FP.X is 70.69, I was requested to input a book cost for the stock which I put in 0.00 as I have not paid for these, yet the value is showing as no of shares times the 70.69. This has increased my portfolio value nicely but I cannot beleive the values here. What is going to be taken away???
as I understand it - you get 1 new FP share for each existing one you hold plus as they are 'demerging' F & C Asset company from their business, you are entitled to 1 F & C share for every 10 FP shares you hold. However, you have to let them know if you want to hold onto these F & C shares, if not they will sell them on your behalf and send you the proceeds. The form which you need to send back if you want the F & C shareholding came with the notice of General Meeting/voting slip etc.. (hope I'm not giving you duff info!)