Share
4,102 Posts.
lightbulb Created with Sketch. 1338
clock Created with Sketch. 09/12/22
10:39
Share
Originally posted by cyprus:
↑
Two thirds the way there. A really well executed takeover. Pretty much an inside job with the director of the bidder, Andrea Betti, also being appointed a director of the target on 21 November when the bidder was at one-third acceptances and declaring unconditional - and the existing directors having previously welcomed the bid with open arms and liquidating their holdings.
Expand
Harvest Lane have a blocking stake that stops the TO getting 90% the threshold for compulsory acquisition. They are buying at 45 cps and will sell at no less than 55cps imo.
