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Atos bondholders reject Kretinsky buyout offer.
La Tribune reports By Reuters on the May 19, 2024.
PARIS, May 19 (Reuters) - Bondholders of French IT company Atos (ATOS.PA), opens new tab have rejected a buyout offer from Czech billionaire Daniel Kretinsky, French weekly La Tribune reported on Saturday.
The bondholders were reported to have cited Kretinsky's plan to wipe almost all of the company's debt and fears that he would break up the former blue-chip technology company, shares of which have lost 90% of their value over the past three years after a string of profit warnings, CEO departures and the collapse of potential asset sales.
https://www.reuters.com/markets/deals/atos-bondholders-reject-kretinsky-buyout-offer-la-tribune-reports-2024-05-19/
What has this got to do IDS?.
Bigtimebilly
"What has this got to do IDS?."
It means that Kretinsky he's going to have a bad week with his European take over approaches.
It means that the French are not having none of it. Wise up and get ahead of the imminent stampede.
When the news of the failed bid hits the news media the ids stock will hit rock bottom on top of their
£1million daily losses foreseen soon to be announced. Don't get caught with your pants down
NOFEAR is it the post from AirForce that has caused your change of heart from 5 days ago when you had IDS as a strong buy? I don't think there has been too much negative press to suggest that the offer that the IDS board are like minded to accept is not likely to go ahead. You may not have seen the comments from the head of CWU saying he feels like its a done deal. I checked AirForce other comments as a fairly new poster and see he has commented on CPI board with what appeared a fairly negative slant (which you noted) so perhaps just his/her style and as always everyone has their own agenda. Have you seen anything else suggesting it may not go ahead or have you just changed your opinion?
Oh well JBTHISTLE
jt will all backfire in Daniel Kretinsky face. The French camp fire is already sending the smoke over the UK English channel.
Will Daniel Kretinsky be able to deal with it? All to be seen.
NOFEAR as you say we will have to wait and see, I am sure the billionaire Daniel K can afford a smoke mask and it can all change with the wind
If the French deals fails
You would think DK would double down on a deal for IDS
As the no French deal should free up a lot of capital..
In addition a no French deal, you would think , DK would make more effort to buy, because as a billionaire, he can't be seen to be failing to close off deals, wouldn't be good for his name and reputation.....
TheMoneyShark
Please do1please.
Market conditions never remain the same. My changing of opinion from going with a strong buy to a strong sell rating reflects exactly that. Never get your heart involved when trading stocks which many retail investors and get whacked.
The money shark that was a never ending brutal response 🤣
TheMoneyShark
Just quit while at it. Hang your coat up and walk away from investing in IDS before it puts a hole in your wallet. You are just a bigmouth nobody that can't hack the imminent truth that Daniel Kretinsky will fail to get anywhere with his takeover bid offer.
Yep I took the remaining 50% of my holding off the table late yesterday
I think the potential drop from current levels outweigh the "possible" acceptance level of 360/370
Not bad completed investment that went from 197p (average paid of 3 tranches) to 319p (average of the 2 sales)
Sid876, agree with you re Atos rejection, Krensky's resources can now all be directed at IDS. Another major event is UK CPI tomorrow forecast to come in at 2.1%, huge drop compared to last months reading of 3.2%. This is getting very close to interest rate cut territory, and will certainly be a part of Kretinsky's major considerations.
Total Rubbish
Well Put.
That’s why Daniel Kretinsky is a billionaire and you aren’t. Daniel Kretinsky knows what he doing.
Simx, if inflation goes much lower, and IDS results are good, especially going forward statement... DK will have to dig deeper into his pocket....
Sid, It would certainly inform Kretensky that the projections he has based his bid on are being confirmed. He will have many ducks lined up.
And for the average holder it would take a lot of the risk out of the deal possibly failing, if there are strong results and an economy on the uptick as a backstop.
Billy
Robert Maxwell was a successful czech billionaire
Little DickyBird
I agree Kretinsky will be successful.
Amen