Official comment regarding German approval on May 5th Rns;
Sepura and Hytera are in the process of assessing any potential impact of this notification on the completion of the Acquisition and will be engaging with BMWi. A further update will be provided in due course.
Official comment from yesterday rns;
Sepura and Hytera are now working towards completing remaining regulatory steps, and the Acquisition, by around the end of May 2017 and a further announcement confirming the timetable will be made in due course
Why would sepu state that they expect to complete the deal by end of May if there was still significant risk?
If there was doubt with the Germans they would not have stated end of May. They would have stAted the good news regarding the UK and as per previous RNS would have stAted that further news regarding German approval would be released in due course.
It has been previously reported that the German approval could be EASILY negotiated. The UK was the biggest hurdle. This should trade at a very small discount to takeover price on Monday.
Sepura and Hytera are now working towards completing remaining regulatory steps, and the Acquisition, by around the end of May 2017 and a further announcement confirming the timetable will be made in due course