Independent News & Media Share Price (INM)

Probability of deal going through

https://www.independent.ie/business/media/inm-small-investors-needed-to-approve-sale-38077020.html

See small investors are apparently important to get to the votes needed - my view would be that alot of people are sick of how depressed the SP has been that they roll over even the deal is so cheap

Big Q is the cost basis these folks had - D O'Brien can suck up 500m loss but can others take a % hit

Agree - deal looks like a song.... Would have expected a minimum of 180m.... Have done ok out of this but expected more upside

So if you strip out the 80m in the bank, the Dutch are paying 65m for a company making about 20m a year profit.
Sounds like a good deal for the buyer, unless there is something we don't know (apart from the known unknowns).

Indeed. Though we will never know all the details of whatever deal they are doing. Will be interesting to see if INM quietly drops any attempt to recover the costs of legal and regulatory action against 3rd parties connected to shareholders in due course. A topup for certain shareholders by the back door.....

Hard to believe the largest shareholders accepted 10.5 cent a share