Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It will be interesting if another bidder emerges, as The Market currently expects.I have sold 10% of my remaining holding at just under 164p as a hedge
I would disagree. Carlyle's second offer as they were outbid on the first one. So this is a bidding situation. Philip Morris is building a long term strategy on Vectura's capabilities, they will not walk away from this without having another go. If Carlyle wanted put this to sleep they would have not just bid 5p more over Philip Morris. Whoever wants this business will have to pay 15/20p a share more.
I hold 80% of my holding and now regret that move.
The comment saying that this bid is more aligned makes it harder for Phillip Morris to suceed and therefore a bidding war may not last long - I hope it does however!
Here we go, Carlyle increases offer to 155p a share. Bidding war is on. Philip Morris's turn next. Glad I did not sell out.
Having read recent comments from the CEO of Philip Morris saying he sees smoking being banned within the 10 years in the UK, this is clearly an important acquisition. I think Carlyle will realize that too and come back with a counter bid.
Davidson Kempner now getting involved. These are special situation guys. It is starting to get interesting...
Read the article in the times, the government will have zero interest to get involved in this. absolutely pointless article and attempt.
Can you be more specific?
See Johnathan ashworth's twitter. Can't paste the link unfortunately
https://twitter.com/JonAshworth/status/1414162718123307008?s=19