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Trying to understand the implications of today's RNS. Does it imply that the Carlyle deal will go through, or does it extend the timing so that the possibility for other offers to be submitted is available?
Still in the game according to todays RNS-obviously hoping for Govt block & reiteration of their 136p bid.Lets see what others have to say
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
DGaser-shouldn’t regret sale at profit -I sold a third at 141/142 & votes against the deal ,which I suspect the majority will have done & had there not been a new buyer & Carlyle collapsed our SP would have been under 110p -so ,sure I would have rather not sold any with benefit of hindsight but overall a much better prospective outcome & now possibility of an auction + introduction of a third party
Good luck all
Difficult to predict what may happen next. I would say this is an interesting asset to buy. I would be surprised Carlyle to pull up without giving it another go, they already spent a bit of time and money on this. They could jump in bed with someone else if they don't want to do this by themselves. Philip Morris went in with a safe bid, trying not to over pay either. The small premium this is trading at is worth loosing if nothing else happens but this has a potential for further bid and upside.
I bought at 153 today. I fully expect a counter bid from Carlyle
I just knew this would happen ,I just wish I hadn't sold 50% of my holding .I wouldn't be surprised if another company, now enters the race , and my guess would be another pharmer company .This whole thing seems a little odd to me that our board were happy to accept the first offer so quickly. I hope every one is still holding and making money have a great week end. England to win
BE HAPPY
DAVE
Coverage in full via FT some points below related to PMI
"PMI is seeking to expand beyond tobacco and nicotine into healthcare and wellness products. In February, it unveiled its plans to generate at least $1bn in annual net revenues by 2025 from Beyond Nicotine products and identified respiratory drug delivery as a central focus.
Vectura is one of few companies manufacturing devices that deliver a broad range of complex inhaled therapies.
The competition for healthcare products has heated up recently as private equity and other groups seek to capitalise on lower valuations following the coronavirus pandemic and uncertainty over Brexit.
Buyout groups are interested in pharma and healthcare sector because it is considered more resilient to downturns and better placed to benefit from demographic changes such as ageing populations."
Ref Aclesrmind
I can't understand. how people don't know what,s going off!!!
I'm hanging on to mine, I don't think this will be the final outcome.
New Bidder, see RNS
Can someone let me know why the +12% increase today?
My inactivity in never quite getting round to selling after first offer received has proved fortunate. Quite surprised at the offer coming from PMI. I don't think the story will end at this chapter. GAL
The next step is with the private equity. I suspect they will withdraw their offer officially and we shall watch out for any additional comments on the back of that.
Great to see Carlyle & pal ,little Willie ,not getting their own way & PIs ,for once ,getting a better deal .Interesting to know whether Carlyle/Willie expected you have to pay more & tried to buy Vec on the cheap ?
Any one able to say is this a sell or a keep any chance that this share will hit £2
This is a 150 bid post the 19p interim dividend already paid. So putting it into context with the PE offer before, it is 169p
I think the point here is, another UK company gobbled up by a foreign firm, but more importantly, a company where board had not skin in the game and zero influence on potential take over attacks. The market will determine what it is worth but good to see industry participants taking part in this.
Really good to see this new offer and far fairer value for shareholders - I was very uncomfortable with Private Equity just value engineering and making a huge return in a few years. Assuming it proceeds, PMI will invest to grow and develop real value..... and Lasvelas, yes, see who dips in next and where this goes. Just ****ed I already sold out..... but best to all who remain
150p offer in from Philip Morris... Where is this guy that kept telling everyone this is a done deal, the board supported the private equity deal ... Let the battle begin!