RE: FTSE private takeovers will continue 'unless action is taken'4 Jan 2024 20:04
Verney
Not at all mate, I didn't mean to sound rude or abrupt.
My understanding is that the shareholders would vote on it, at current value, nobody that is a long term holder would be selling at what it's worth now as they could simply sell now.
It's possible of course that a buyer could put an offer 20-30% above the current SP and for that to be accepted by a majority, however, I see that unlikely.
In any case, with this particular company, Sir Martin holds a golden share, that means no takeover regardless of what the majority votes for without him agreeing to it.
Happy to be put right if my understanding of this process is bot quite like my interpretation.