RE: Holder17 Feb 2024 22:39
Hi Munichmann, I'm not dismissing him entirely, I do understand your reasoning, but you have to factor in that he didn't have much success with Jack1t nor Trench London of late. On the other hand, a revamped partnership with JD might be what Holder needs, who knows? I'm just not convinced it's what SuperDry needs, as SuperDry needs to move with the times, and that might mean younger blood, but only JD will know what he plans of course.
It's still confusing on likely bid price, as burgess-salmon give the impression of highest price over the last 12 months, which is a different scenario altogether, as this would be north of the £1 mark. Can PI-Winner help us here?
"Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). Mandatory offers can only be conditional on the bidder receiving acceptances that, together with any shares already held or acquired during the offer, would give the bidder and its concert parties more than 50% of the voting rights. As such, bidders cannot rely on other conditions to protect themselves."
It clearly states there "no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). " but on other sites it states the highest price paid of the person making the offer within the preceding 12 months, which would be a very different scenario, of around 79p.
Anyone any clue as to which it could possibly be taking everything in to consideration?
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