RE: Sale of IDS19 Dec 2024 21:00
Roses
Have a read of this article!
My understanding is, you either accept the offer or don’t elect, which to me implies rejection.
If the bidder gets over a specific threshold, I believe he can compel all other shareholders to sell, and I believe it would be on the same terms.
If you aren’t compelled to sell, eg he doesn’t reach the threshold hold for that, then you’d be a minority shareholder in a privately held entity, with a majority shareholder who doesn’t probably care about what you want. You’d find it potentially hard to sell as it’s not a listed company, you’d have to find someone interested in buying and then agree a price, which won’t be based on any share price as it’s not publicly listed.
Personally, opted to sell because it’s seems like more trouble than it’s worth, but there’s doesn’t seem to be much info on institutional whether they are holding or selling…
Convinced myself that as a small time retail investor I would not do well to stay in this, but it makes me sad as we held the shares to kind of keep it in public ownership. Also think the Royal Mail has been undervalued and I’m not sure I agree with the board’s recommendation.