Member Info for rogerw09

In the recently announced half year results, Infinis' CEO noted that the company had put in a "resilient performance". It seems only commonsense that Monterey / Terra Firma must believe that they will in due course turn in a profit when they buy in the shares at the £1.85 we are being offered. The takeover is being made via a scheme of arrangement, so to receive the Court's approval, Monterey has to secure at least: 1. A majority in number of the shareholders present and voting in person or by proxy at the Court meeting and 2. not less than 75% in value of the shares voted. The Court meeting is being held on 4th December, and votes have to be received by no later than 2nd December, so time is of the essence. It may, therefore, be possible to prevent the takeover if enough private shareholders take the trouble to vote against the resolutions. I have done just this. I found the process quite straightforward, even though my shares are held in a nominee account. I think with schemes of arrangement, the acquirers often rely on investor apathy to secure their aims.