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Do we think Apple might come in and top the price to keep the Chinese out of a another tech company, if they do not then the Chinese will have info on Apple.
Notebook Thanks for that, will be holding IMG have been good to me in the past, and I am hopping I can squeeze out a little bit more, fingers and toes crossed.
If approved, all the shares will be paid out to shareholders on the registry & IMG will become a private company. All shares will be bought by Canyon bridge, you will not be able to hold any shares in IMG.
The 182 was mentioned in the info. I received but subject to shareholder approval on the 31st Oct. meeting. All shares will cease to exist between 6-8th Nov & it will exist as a private company for Canyon Bridge.
Can anyone Answer this Question, a figure of 1.82 has been mentioned on a few occasions, is this amount Guaranteed to be paid to share holders once everything has been settled. Also if you hang on to your shares and Imagination no longer excist, what new company will they be with?
The Scheme is subject to shareholder approval at a General Meeting and Court approval at a Court Meeting both to be held on 31st October 2017. The Scheme will then be subject to Court sanctioning at a Court Hearing to be held on or about 6th November 2017. Subject to acquiring the necessary approval, the Scheme is expected to become effective on or about 7th November 2017. Prior to the Scheme becoming effective, an application will be made to the London Stock Exchange for the cancellation of listing of the Imagination shares. Subsequently, the cancellation of admission to trading is expected to become effective on or about 8th November 2017 with the last day in dealings expected to be on or about 6th November 2017. The Scheme Proceeds are expected to be credited to your account on or after 21st November 2017. Should you retain your holding of Imagination shares, we will notify you when the cash has been credited to your account.
Hi, I received that information through my share dealing account.
Hi Notebook - can I ask where you got this information from? I can't find it anywhere on the internet?
Hi, Just got info. Re:IMG sale process. It will cease trading on ~ 6th Nov. & final payments made on 21st Nov. Sad to read about this British company.
The sale of IMG is conditional on the sale of MIPS.If Mips sale falls thru then so does IMG.Timing? well if it goes smoothy the whole deal, money in the your bank will be sometime in November. A few weeks ago, before the offer for IMG was made i was at a public event, when standing beside me was Sir Hossein Yassie.He didn't know me but i knew him, having gone to past IMG agm's.I asked him what price he thought the share's would fetch.We then spoke for more than 10 minute's, he emphasising that he was outside the loop, had no more information than anyone else but he like everyone else on this board, had views.He spoke about Apple,Samsung,the chinese and their possible reactions and then told me within parameters,what he thought the share's might sell for.He was right.But then others on this board have made similar predictions and they were right too.Some of his views are shared by others here but he had insights which i had not considered before nor heard expressed and they were thought provoking.An interesting ten minutes.
Anybody got any idea on the timeline for this one? Does the sale of MIPS (?) need to clear CIFUS first? If so, when is that expected?
I think canyon bridge is covering its back. I worry they will pick this deal as a show of strength against the chinks. You should remember we are run by a big bunch of ignoramus elites. Have cut my holding in half,used this to short cover my holding GLA.
Today an RNS Form 8.5 shows CBFI investments [a subsidiary of Canyon Bridge], increasing a short? Is this CB running scared, or 'good practice' for/ by a prospective buyer?
UK government’s department for business, has asked for further details about the planned takeover.
Someone better informed is accumulating this stock in the background. Check out the share trades and take a look at those single 166K buys on the back of all those smaller PI sales. This deal will go through... no question!
Theresa may doesn't want to get on the wrong side of the Chinese , as she wants good trade deals ,and imagination will be happily waived through, but she will state that assurances have been given about jobs and cayon bridges intentions, you couldn't justify any national concerns here, other than china wants to buy everything that can be bought.
I have shares in this company, if the Goverment order a inquiry into the Chinese taking out this company then there could be a big fall.
To reiterate - Newly announced deals almost never trade for the offer price immediately, because the market factors in a risk discount (measuring the chances the deal won't be consummated) and a time discount (a premium that buyers get to collect in exchange for giving you an out now). Both of those prices are fluid; they're determined by supply and demand for shares in the market. Good chance this deal gets cleared and 182p in a few weeks time.
Whether you agree or not makes no difference to the fact.At the point that the takeover is done, the outstanding shares will attract the agreed price if �1.82..The rest of what you say makes no sense..
Don't agree, you get what ever the price is when you sell. I sold at 1.71p, no one said to me forget That we will give you 1.82p. Hoping to buy back in if sp falls to 1.35p, you never know.
Still heavily invested here and happy to wait for my 182p per share... although I suspect we will see a hike to this (either through other bids / a raised bid / and / or Apple settlement and sale of MIPS). Personally, I only see up-side here and at 166.50 these shares are a steal. I have topped up again today. For all those happy to be patient, simply block out the background noise, wait a few weeks, and reap the rewards! GLA :-)
The price you will get is �1.82 at the point of sale,providing MIPS is sold and there is no objection to the sale.� 1.82 is not a ball park figure.It is a precise figure agreed between both parties.In addition if the dispute resolution is agreed with Apple before the sale which will conclude in November 50% of the agreed compensation less IMG costs will be paid to shareholders.You may think that no agreement with Apple is likely within weeks.Quite possibly.But it's arguable that it's in Apples interest to settle more quickly, and cheaply than to wait and take on the might of the Chinese.....unless that is that Apple are confident that they owe nothing to IMG.
The price you get now is 1.66 1.82p is a ball park figure, what you get in 10 mins or 10 hrs or ten weeks is all about what there selling at that time. You might see 1.82 or you may not, myself sold at 1.71p. Good luck.
Newly announced deals almost never trade for the offer price immediately, because the market factors in a risk discount (measuring the chances the deal won't be consummated) and a time discount (a premium that buyers get to collect in exchange for giving you an out now). Both of those prices are fluid; they're determined by supply and demand for shares in the market.
Well...the final outcome/answer to point 1) is the six million $ question! Personally i'm well up on the pre bid price and so i'm happy to stick around and see what pans out. It's not worth my time to speculate on all the possibilities, but there are plenty of folks who are doing...maybe check out iii.com and advfn.com for ideas... GL