Member Info for thetruthhurts

In the telegraph http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/electronics/8780149/Hewlett-Packard-mulls-ousting-chief-Leo-Apotheker-after-just-10-months.html Hewlett-Packard mulls ousting Chief Leo Apotheker after just 10 months: Hewlett-Packards $10.3 billion (6.6 billion) acquisition of U.K. software maker Autonomy looks under threat amid speculation that the architect of the deal, Leo Apotheker, may be ousted.

Think that why the MM's opened relatively high this morning

Following on from Sportingbet’s announcement yesterday that there is a deadline for Ladbrokes of the 17th October to make a deal, there is a report in the UK Times this morning about the potential acquisition. The article states that if Sportingbet can agree a deal for its Turkish business with GVC Holdings, than a deal of Ladbrokes paying about 72p per share for Sportingbet has been agreed in broad terms (total value £600m). The article states that any GVC Holding deal for Sportingbet’s Turkish business would probably involve it paying the consideration over a 3 to 4 year period. While an acquisition of Sportingbet would not be without its risks, in our initiation note in July, we concluded that acquiring Sportingbet made strategic and financial sense to Ladbrokes, even at a significant premium to the current Sportingbet share price (51.5p closing price yesterday).

http://moneyam.uk-wire.com/cgi-bin/articles/201109201400025134O.html

Also if you hang on you won't have to pay the dealing fee to sell

If it were me I'd sell now if you've got less than 50,000 shares as it looks like a done deal and you can sell for 3p under the offer price now. However, if you've got over 50,000 shares where that extra 3p would rack up to an extra £1,500 for hanging on for 3 weeks or so, I'd hang on

Pity the poor s0d who sold yesterday lunchtime - looks like no insider info on the deal

Showing as 4.4% up Really MM's just messed around with the spread

How bizarre - was showing on l2 as a buy earlier Buys after hours 250k 98k 46k 19k Written today http://www.thisislondon.co.uk/standard-business/article-23987833-aurelian-investors-counting-the-cost-of-well-disappointment.do There was speculation the takeover of Sportingbet by Ladbrokes could soon be agreed. Yet despite claims the bookmaker may raise its approach to 80p a pop, the online gaming group slipped 0.25p to 52.25p as traders treated the vague rumours with scepticism.

550k buy just gone through Buys today out numbering sells over 4 to 1

They've gone the other way today 51.61 down!!! LOL

Its not - I think LSE is sh@gged. I thought that yesterday!!! The price last week on 9/11 was 450

RECOMMENDED CASH AND SHARE OFFER for CHARTER INTERNATIONAL PLC by COLFAX UK HOLDINGS LTD a wholly-owned subsidiary of COLFAX CORPORATION The Board of Charter and the Board of Colfax are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by Bidco, a wholly-owned subsidiary of Colfax, for the entire issued and to be issued share capital of Charter. Highlights -- Under the terms of the Acquisition, Charter Shareholders will be entitled to receive: for each Charter Share: 730 pence in cash; and 0.1241 New Colfax Shares -- The Acquisition values Charter's fully diluted share capital at approximately GBP1,528 million, being 910 pence per Charter Share on a fully diluted basis (based on the Closing Price of US$23.04 per Colfax Share on 9 September 2011, being the last Business Day before this announcement). -- The Offer Consideration, with Charter Shareholders having already received the interim dividend of 8 pence per Charter Share, represents a premium of: 0 approximately 48.0 per cent. to the Closing Price of 615 pence per Charter Share on 28 June 2011 (being the last Business Day before Charter announced it had received a preliminary approach from Melrose regarding a possible offer); 0 approximately 16.7 per cent. to Melrose's initial offer of 780 pence per Charter Share made by Melrose on 28 June 2011; and 0 a premium of approximately 13.2 per cent. to the Closing Price of 804 pence per Charter Share on 9 September 2011 (being the last Business Day before this announcement). -- A Mix and Match Facility will be provided, which will allow Charter Shareholders to elect to vary the proportions in which they receive New Colfax Shares and cash. -- A Loan Note Alternative will also be available to Charter Shareholders. -- The Acquisition will be funded from a combination of proceeds of an equity issue by Colfax, new debt facilities and Colfax's existing cash resources.

Statement re Possible Offer for Charter Share this article print TIDMCHTR RNS Number : 0322O Charter International PLC 12 September 2011 CHARTER INTERNATIONAL PLC Statement re possible offer for Charter 12/09/2011 Charter International plc ("Charter", the Company) notes the press speculation regarding a possible offer from Colfax Corporation ("Colfax"). Charter confirms that it is in advanced discussions with Colfax regarding a 910 pence per share offer for the Company, and expects these discussions to conclude shortly. A further announcement will be made in due course.

Too late - over £9 now

Nice buying on rumour of an imminent £9 bid from Colfax

nice FT Friday night Colfax, the listed US manufacturing group, is set to table an offer for Charter International that could lead to a bid battle with Melrose to acquire the FTSE 250 engineering company. Colfax was likely to table a bid imminently and had financing in place from lenders, which include Deutsche Bank, its adviser on the offer, people familiar with the situation said. More ON THIS STORY Dealmaking duos compete for Charter Lex Colfax/Charter Colfax challenges Melrose for Charter Melrose sweetens bid for Charter Charter ready to extend bid deadline ON THIS TOPIC Investec to buy Evolution Group for £233m Investec makes £230m offer for Evolution UK deadline looms to out secret suitors Hayward aims to capitalise on Turkey’s prestige The management of Colfax was only expected to table a bid if recommended by Charter. Discussions were still ongoing on Friday evening. Charter’s share price rose 20p to 804p on Friday on speculation that the Maryland-based company would table a 900p bid. Colfax, which specialises in pumping and fluid-handling systems, and Deutsche Bank declined to comment. The move comes after Melrose, a turnround specialist with a market capitalisation of £1.16bn ($1.84bn), last week raised its indicative bid for Charter by 10p to 850p. Melrose’s latest approach, which valued Charter’s equity at £1.42bn, prompted the takeover target to open up its books for due diligence. It is offering a mix of shares and cash, while Colfax said recently it was considering making an all-cash offer. “Our impression is that Colfax views a cash bid as being superior to Melrose’s offer,” said UBS analysts in a note on Friday. “Colfax’s pockets are deep, they can fix Charter too and they have a long-term strategic angle stemming beyond the three- to five-year Melrose time frame.”

Lots of MM messages 100's 200's 400's 23,67,77 Lots of manouvering going on!

I saw your posts re how likely a T/O was and remembered this article from a week ago http://www.moneyweek.com/investment-advice/how-to-invest/strategies/the-instinct-test-for-smart-investing-13501

You're correct I'm not a shorter. I just got fed up with JC's post suggesting that there was going to be a T/O immediately, which given subsquent events, quite clearly wasn't the case. At the same time I looked at other boards with 'spookily' the same TO rumours! Advise caution because it is all rumour and speculation at the moment. Keep an eye on the NASDAQ this evening etc. My impression is that Arm is trying to retain its independence and universality, while admitting that it is a "valuable" company. Intel's rumoured interest and bid figures would seem logical. My personal opinion is that this stock will go through the roof and that more than one takeover bid will emerge.