DVO.L Share Price (DVO)

DVO thank you.

Maybe wiser if I just sold 50%
This the only clue from ginster on ADVFN
I wonder if a 3rd party was showing some interest and in sausage circles the bidder got wind of it ? Perhaps they upped their offer to nip in the bud or deter a possible counter offer. Interesting that they state that this is a "a final offer " subject to a 3rd party getting involved. This would seem to indicate that if push comes to shove there might still be some more cash in the casserole pot to secure the takeover should a bidding war take place.

Something above my understanding here, sells going through at 327.65p this week.

Just sold all of them for 327p , I thought I read the offer with the extra div worth 326p
I will be sorry if another bid comes in , not sure why otherwise I sold for more then the offer .
Did not need the cash as been selling mostly .
Planing to reduce borrowed cash .

Not sure why the offer was increased the share price above the offer at 370p .
Thu, 16th Feb 2023
Devro recommends increased GBP564 million Saria takeover offer
(Alliance News) - Devro PLC on Thursday said it received an increased and "final" takeover offer from Saria Nederland BV, an indirect subsidiary of Saria SE & Co KG.

The Devro board recommends the offer for shareholder approval, deeming it "fair and reasonable" ahead of a general meeting on March 3.
Shares in Devro were up 6.4% to 326.20 pence each in London on Thursday morning.
The Glasgow, Scotland-based sausage casing manufacturer said the revised proposal would see its shareholders receive 320p in cash for each share from Saria Nederland, alongside a second permitted interim dividend of 10p.
This would value the total share capital of Devro at around GBP564 million on a fully diluted basis, implying an enterprise value of GBP692 million or 11.3 times enterprise value to earnings before interest, tax, depreciation and amortisation for the financial year that ended June 30, 2022.
Devro said it follows an agreement between the boards of Devro and Saria Nederland for a cash acquisition on November 25 last year.
After consulting its financial adviser Lazard, Devro's board recommended the proposed takeover to its shareholders, deeming the terms of the acquisition "fair and reasonable".
On January 13, Devro called a general meeting to take place on Thursday to approve the takeover, which has now been adjourned to March 3, in order to allow shareholders sufficient time to properly consider the revised proposal.