newsat hit with takeover offer, page-44

sb1964,

As mentioned before, the next step would be the bidders statement. Without it the whole thing becomes null and void. So Edelweiss now has 2 months to send each shareholder a bidder's statement in which they explain to us in detail what's going to happen and what their offer consists of. I for one don't think that this is a joke to get the spotlight. You can tell that it is not something NWT and Edelweiss came up with over a cup of coffee. Otherwise the tone would be somewhat friendlier than what it is :-)

This may well be a personal vendetta but in the end it doesn't matter to us. What matters is the offer and wether they find a way to either

a) get the majority of shares and therefore around 3.5 billion of them.
b) get the approval from shareholders which is very unlikely.

My wild guess is that something is indeed happening in the area of point a. There have been plenty of strange trades lately at 6 and 7 with quite big blocks being swapped. But unless somebody can post some stats as to who bought how many shares lately, such an idea will be hard to proof.

I for one believe that there will be a bidder's statement coming. But don't take my word for it. Anything is possible at this stage. Obviously Edelweiss only has this one chance to strike. Once the price shoots past 1cent, the whole thing becomes too expensive to them. That may also partly explain the aggressive wording of the offer.

Can't wait for the market to open today. Who knows... We may well see more news coming. I have no doubt that management will try everything they can to get the price moving up from here to put the offer out of the money.

Good luck!

I maintain my strong buy. I have a feeling that the sellers are going to run out of shares soon.