Member Info for BrightSideWalker

Idad, Kingalf and MikeM14,

Thank you all for your illuminating answers and great suggestions. There's a lot to think about, I'll surely ponder the scenarios that you pointed out MikeM14, and look at the link you provided too. I appreciate your comprehensive answer.

I'm tempted to 'hold out for a further sweetener' (haha) with you, Idad. I'll keep a sharp eye on the price and see what happens. In the end I think I'll go with Kingalf's sensible suggestion of half now, half later.

Again, thanks guys. Your answers have come together and given me a complete and very helpful view of things. Cheers to you all and best of luck =)

Hi guys, I've never posted before but I feel I need to reach out to fellow investors at this point. I'll try and keep it short.

I bought some MRW shares a few years back for the dividends. I don't know much about the stock market or trading in general, but since saving rates were and still are so poor, I decided to invest a little.

I got a notification from my broker essentially stating Fortress' acquisition intentions of £2.52 p/s plus £0.02 p/s special dividend for a total of £2.54 per share. Does this mean if I continue to hold my shares, I'll be liquidated at the point of takeover for £2.54 p/s? or will my shares 'convert' (sorry don't know the lingo) into shares of the new company (Fortress)?

If I am to be liquidated, would it not be wise to cash out now at over £2.70?

Also, the Brokers message seemed so final, but from talk on here, it sounds like this bid could still be thwarted (or fall through)?

I know no one can give me financial advice. I'm just trying to get my head around the situation so I can make what I feel the best decision is for me.

Thanks for any input!