RE: Time6 Jan 2021 15:27
Rakmeister,
if a formal offer is made, any cash element or indeed if its all Cash has to be on hand within two weeks, under the Takeover Code. Its why companies don't make formal offers willy nilly as to have 3,4,5 Billion in cash on hand has serious consequences.
Its one of the reasons the ********s who have been spouting vomit about no formal offers yet, are very wide of the mark regarding the outcome of the FSP and sale generally.
GLA