Member Info for Lasvelas

Here we go, Carlyle increases offer to 155p a share. Bidding war is on. Philip Morris's turn next. Glad I did not sell out.

Acquisition to be announced tomorrow before the market opens...

https://news.sky.com/story/the-hut-group-applies-finishing-touches-to-275m-cult-beauty-takeover-12371999

Looks as this could hop over the 50 mark

Standard language. Sumo does not pay dividends so i would not think so.

Having read recent comments from the CEO of Philip Morris saying he sees smoking being banned within the 10 years in the UK, this is clearly an important acquisition. I think Carlyle will realize that too and come back with a counter bid.

Agreed, however this is a toppy offer already and EA just acquired Codemasters. Let's wait and see I guess.

I wish it was as easy as that. I agree the premium is significant and that another bidder is unlikely to step in. The fact that the founders support the takeover holds little value here, they dont hold that many shares here, so have little influence. I think shareholders could be supportive here but I do agree with the previous comment that if the deal does not clear the US anti trust / competition hurdle it could get into trouble (UK element should be ok). I am uncertain what is the probability of this happening. I think it is quite low but it is hanging there.

ok, that's a fair reason and comment.
any recent examples of takeovers that failed because they did not receive approval from the foreign-direct investment / CFIUS regime in the United States ? I am trying to make own mind up whether this is an opportunity or not.

Why is this trading at such a deep discount to the 513p offer? Anyone?

Why the drop today?

Davidson Kempner now getting involved. These are special situation guys. It is starting to get interesting...

Read the article in the times, the government will have zero interest to get involved in this. absolutely pointless article and attempt.

Can you be more specific?

Difficult to predict what may happen next. I would say this is an interesting asset to buy. I would be surprised Carlyle to pull up without giving it another go, they already spent a bit of time and money on this. They could jump in bed with someone else if they don't want to do this by themselves. Philip Morris went in with a safe bid, trying not to over pay either. The small premium this is trading at is worth loosing if nothing else happens but this has a potential for further bid and upside.

The next step is with the private equity. I suspect they will withdraw their offer officially and we shall watch out for any additional comments on the back of that.

This is a 150 bid post the 19p interim dividend already paid. So putting it into context with the PE offer before, it is 169p

I think the point here is, another UK company gobbled up by a foreign firm, but more importantly, a company where board had not skin in the game and zero influence on potential take over attacks. The market will determine what it is worth but good to see industry participants taking part in this.

150p offer in from Philip Morris... Where is this guy that kept telling everyone this is a done deal, the board supported the private equity deal ... Let the battle begin!

Or it's been tipped somewhere, would be good to know which...

Why the SP rise today?