Member Info for CDF1

Friday - yesterday the share price was stated as suspended at 1.675

Today it reads: It was suspended at a price of 1.661

Friday - yesterday the share price was stated as suspended at 1.675

Today is reads: It was suspended at a price of 1.661

loganair

And it would have played out this way because us PI's wouldn't of had to approve the sale and fight over the price.

The whole thing is very very STINKY indeed !

Buggerboy31

Read my comment again, I said REALISTIC !!

I’m not confident that either will do the right thing by us unless they have to so I’m realistic rather than optimistic this morning.

I would prefer it to be ‘Morrisons’ but only because the brothers (EG Group) were ultimately forced into doing the right thing by the pension pot! ‘Morrisons’ had already offered to do this last week.

I’m not confident that either will do the right thing by us unless they have to so I’m realistic rather than optimistic this morning.

GLA ATB

drizzy90

How strange that the EG Group suddenly will fulfill pension obligations !!! Absolutely shocking !!!

It's that old chestnut of when you HAVE to do it you will do it !!! The whole thing STINKS !!!

I have little faith of a deal that will include us PI's, not getting my hopes up tbh, best expect the worse and anything else is a bonus.

Good night.

https://www.bbc.co.uk/news/business-61370179

Makes sense Mazbridewel

A deadline was set for 6pm on Sunday for full and final bids.

credibility

IF 'Morrisons' has it in the bag then they won't want bad publicity by shafting the PI's.

For what they would have to payout (4p x 280 million shares maximum, 1.675 minimum) isn't worth the potential lost long-term revenue. After all they want to secure as many shoppers as they can to make this whole takeover viable.

The same should (in an ideal world) apply to the 'brothers' (EG Group).

It is clear that whomever gets across the line needs to fulfill obligations to the pension pot, surely the same should apply with the shareholders, what might take them a while to recoup surely has to be worth it to them long-term and for creditability.

GLA ATB

'Morrisons' are currently the 4th largest supermarket.

IF this does not go through for them then they could kiss goodbye to that position forever, especially IF the 'brothers (EG Group)' secure the deal.

The buying power they would lose would be immeasurable.

It's unclear whether EG Group has come back with a revised offer.
A deadline was set for 6pm on Sunday for full and final bids.

https://www.bbc.co.uk/news/business-61370179

Just hope for you All and (myself) 'Morrisons' have signed on the dotted line.

It's unclear whether EG Group has come back with a revised offer. A deadline was set for 6pm on Sunday for full and final bids.

https://www.bbc.co.uk/news/business-61370179

Currently they are the 4th largest supermarket.

IF this does not go through for them then they could kiss goodbye to that position forever, especially IF the 'brothers (EG Group)' secure the deal.

The buying power they would lose would be immeasurable.

I've seen this first hand in the Oil and Gas service industry, in the last 20 years, and it's a case of who's the dog and who's the tail.

BIG is not always beautiful.

GLA ATB

https://www.bbc.co.uk/news/business-61370179

Firm set to buy McColl's urged to take on staff pensions
******************************************************

WHAT A ROLLERCOASTER OF EMOTIONS!

Que sera, sera
Whatever will be, will be
The future's not ours to see
Que sera, sera
What will be, will be

GLA ATB

https://news.sky.com/story/morrisons-returns-with-fresh-mccolls-offer-as-endgame-looms-12608537

Firstly I was shocked that 'Morrisons' did not do/offer more to ensure this got over the line, the bigger picture will only be clear to them WHEN they start to lose market share, as their buying power will not match those growing around them, very foolish of them to let this slip through their fingers imho.

Secondly, IF the Issa Brothers manage to pull this off then it is stated that payment of pensions will not be part of the deal, this is unforgivable, hard working employees most of whom will be heavily reliant on this, in this day and age the LAW should protect such things from happening, the EG group could honor this no problem, hope all that will suffer will swerve them and their outlets indefinately.

Finally, to those on the board at McColls, shame on you, for the way in which this has been handled, how you have NOT protected the share holders, and kept them reliably informed, a lot of misdirection and miscommunication, hope you ALL end up jobless, not the staff, just the board members.

THIS HAS BEEN ONE OF THE WORST STITCH UPS I'VE EVER SEEN OR BEEN PART OF!

End.

Zuber and Mohsin Issa and private equity group TDR Capital, was set to agree a deal as soon as Monday.

https://www.reuters.com/business/retail-consumer/uk-supermarket-major-morrisons-proposes-mccolls-rescue-deal-sky-news-2022-05-06/

The deal will keep on all McColl's stores and staff with higher pay for many, but will not include its pension scheme, they said.
"For thousands of hardworking people and pensioners, this is a very disappointing, damaging and unnecessary outcome," said a Morrisons spokesperson of McColl's move into administration.

lewishem

Jonathan Miller said: “It has been an enormous privilege to work for McColl’s for the last 30 years,
most recently leading the business and transforming our offer in partnership with Morrisons. I have
worked alongside so many talented and hardworking people and I am enormously grateful for the
support I have had from the many thousands of colleagues in the business over many years.

UTTER BOL*O*KS !!!!!!
“I remain a significant shareholder, and I leave confident that, with its clearly defined, convenience-led
strategy and strong partnership with Morrisons, McColl’s will continue to play a vital role at the heart
of local communities across the UK.”

lewishem - you could always drop him a message

here you go:-
https://www.linkedin.com/in/jonathan-miller-46194346/