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If the deal is done will R1 share holders be able to hold onto their shares as a merged company or forced to give them up?
Looks like a carve up to me & if Tosca see Tap as the best chance of their realizing a profit they are likely to have been involved in the discussions ( or initiated them )-possibly together with River & Mercantile , who own 7% of Tap 7 10% of RTHM.Likely to be a done deal unless a white knight emerges
What will that mean for shareholder?
My understanding is that we will end up with shares in the merged entity. So we are being forced to sell. Could be good thing for rthm shareholders longer term.
I wouldn't be too happy about this deal if I were a TAP shareholder. TAP's SP has only recently crashed and it is a profitable company. RTHM's history is decidedly dodgy and the SP has done nothing except go down for the past 5 years. I'll just be glad when this is over and done with and I don't have to look at RTHM stinking up my screen.
Sorry I meant NOT being forced to sell.
The sp is now 1.79, if the buyback, as promised, goes ahead, at least r1 can buy at a reduced price. Coincidence?
2 companies that struggled to unlock profits will become one that maybe will......as an holder here with many false dawns I accept that news as positive and hope that a united company maybe will come good.....eventually.
It doesn't look like a very good deal for R1 shareholders. It makes our management look very needy...which makes me think they aren't comfortable about R1's performance as a standalone entity going forward.
TAP are saying: "We don't really need you, but at the right price we would be interested".
Perhaps R1 shareholders would be better off long to medium term with a combined outfit....but short term we are losers. It would be nice to see some cash on the table.
But I suppose it's not our decision. The big players will get their way.
More jam tomorrow....just a different flavour.
key now is what the level of synergies are forecast to be. Surely they are in the £20-30m area if Yume was $15m. Should be highly complimentary operations.
oil
"It makes our management look very needy...which makes me think they aren't comfortable about R1's performance as a standalone entity going forward."
Agree..