RE: Sp after sale announced30 Oct 2020 07:54
HLM sometimes when multiple parties are involved the so does what it wants until an offer is made. It is announced via RNS and your shares are worth that much. People may then sell, dropping the price, or buy, expecting a counter offer that is higher, and the so rises. And on and on until the company ask the shareholders if they are happy to accept the current offer. Probably suspend the sp while vote goes through.
I think it's different here - Offers from multiple parties have been assessed by UBS as all dealings going on behind closed doors (NDA). Final offer has been agreed (hence Piper on board) and this is being legally binded.
First we will know is RNS to say shares suspended, best offer is x per share. If the shareholders vote to accept you get that per share in (insert days, weeks, months to get paid).
Until then sp wobbles about as people buy, sell for whatever reason.
That's my guess but wtfdik