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Personally, I think the right to acquire statement is a shot across the bows.
Relentless
HH - I do hope you're joking!
I think it’s quite clear that price wasn’t the issue, it was control. Moulding doesn’t want to give up the reins.
I have no idea who these people are you speak of
No, they would just be guessing. The inference is that it was over 1.70 and possibly over 2.00 but we have no details.
FCA are a toothless tiger just like IPSO. They slap them on the wrist but, like Matt says, the damage is already done. The fast money has made their cash and has moved on to the next target.
If he had some regular positive news to counteract the fud, that would be the answer. Business is not rocket science even though an audit report would make it seem that way.
Company auditors find potential issues in accounting procedure. Completes stress test and finds no issues. The end.
This is fairly pointless until the GS expires but come September all bets are off anyway, so why not just wait until then? I won’t be joining this coup d’etat because I believe that no matter what, we will see a good profit one day, even if I have to wait another 3-5.
Moulding won’t leave and there are no activists building a decent sized stake so we are stuck with him.
Ste- We knew this would happen. I’m relaxed about the whole thing. Could go to 50 and under, who cares. Long term play for me anyway.
Wildtiger - Are you CitySpy in disguise?
It seems like the only way this goes private is MBO based on the criteria they have set out.
HH - technically it offers protection against a low ball bid but if he has 65% support who have refused anything up to 1.70 (possibly over £2 but we don’t know the Apollo number) why does it matter?
Who?
Yes, criteria. Control is the issue.
“Therefore, there are concerns about whether THG will continue operating as a going concern in the long term.”
Wow. The Tiger is really spreading the fud today.
“Therefore, there are concerns about whether THG will continue operating as a going concern in the long term.”
Wow. The Tiger is really spreading the fud today.
I don’t think it would be due to compromising a competing bid, that doesn’t make sense. We have to remember that the answer in terms of things we aren’t privy to regarding THG is generally the one staring you in the face. I think as far as the board are concerned, the bid wasn’t suitable due to the terms and not specifically financial but more control. Therefore the price doesn’t matter to them as such. Just my opinion.