wilsonrx Posted January 3, 2006 Share Posted January 3, 2006 I think all that this means is that an offer has been made. This is old news isn't it? Link to comment Share on other sites More sharing options...
dukes Posted January 3, 2006 Share Posted January 3, 2006 I think all that this means is that an offer has been made. This is old news isn't it? No, old news is that an approach has been made, an offer is somehting else entirely. This is progress. Link to comment Share on other sites More sharing options...
icklevillan Posted January 3, 2006 Share Posted January 3, 2006 Hmmm... given that this ---- it's definitely not over yet. BUT it does mean an offer has been made, and that's not old news. At the same time, I can't see Comer et al making an offer at this stage that they werent certain was going to be accepted. Link to comment Share on other sites More sharing options...
dukes Posted January 3, 2006 Share Posted January 3, 2006 Hmmm... given that this ---- it's definitely not over yet. BUT it does mean an offer has been made, and that's not old news. At the same time, I can't see Comer et al making an offer at this stage that they werent certain was going to be accepted. I agree, the difference here is that there has been communication with Ellis, they must know the ballpark figure needed. Please god let this happen. Link to comment Share on other sites More sharing options...
jimmygreaves Posted January 3, 2006 Share Posted January 3, 2006 Whats a "Mandatory Quote Period (MQP)"? Link to comment Share on other sites More sharing options...
icklevillan Posted January 3, 2006 Share Posted January 3, 2006 A term used on the London Stock Exchange which refers to the period of time during which market makers in a security are obliged to display their prices. For SEAQ (Stock Exchange Automated Quotations Service), the period is from 8.00 am to 4.30 p.m. Link to comment Share on other sites More sharing options...
stevenjos Posted January 3, 2006 Share Posted January 3, 2006 so what exactly is happening. do i need to go and buy a bottle of bubbly?? Link to comment Share on other sites More sharing options...
jimmygreaves Posted January 3, 2006 Share Posted January 3, 2006 A term used on the London Stock Exchange which refers to the period of time during which market makers in a security are obliged to display their prices. For SEAQ (Stock Exchange Automated Quotations Service), the period is from 8.00 am to 4.30 p.m. ........... and that means?? Link to comment Share on other sites More sharing options...
wilsonrx Posted January 3, 2006 Share Posted January 3, 2006 No not yet. If I understand all this correctly, the takeover is progressing in a normal way, but has not been completed yet. Link to comment Share on other sites More sharing options...
icklevillan Posted January 3, 2006 Share Posted January 3, 2006 An offer has been made, for, I think above 1% of the company's stock to the majority shareholder (Aston Villa PLC). As we know it's from AVIL, we know that it's pretty much certainly for all of Ellis's stock. The bid could still be rejected, but it is rare for a company to make an offer after six months of negotiation that is rejected, because "what kind of price would you accept" is normally a part of the negotiations.... remember the six month mandatory deadline - if this offer is rejected - the Comers can't make another offer for six months. Link to comment Share on other sites More sharing options...
BOF Posted January 3, 2006 Moderator Share Posted January 3, 2006 What a load of sh*t. And all the while, Pompey get taken over with no hullabaloo whatsoever. This will be my last post in a takeover thread until something ACTUALLY HAPPENS !! Link to comment Share on other sites More sharing options...
Guest RantinRob Posted January 3, 2006 Share Posted January 3, 2006 This will be my last post in a takeover thread until something ACTUALLY HAPPENS !! I hope everyone else follows your lead! Link to comment Share on other sites More sharing options...
dukes Posted January 3, 2006 Share Posted January 3, 2006 Pompey aren't a listed company though, so the rules (LSE) don't apply. People are only informing others of changes, if you don't like it, you don't have to make any comment. There has been a change (minor), and we've been led to believe soemthing will happen today, and we're desperate for that to happen. As a moderator i'd have thought you'd have more respect for other on the board. Unless you are better informed than the rest of us, and know that this change is meaningless, in which case inform us all, and we can all move on until there is something ACTUALLY happening. Link to comment Share on other sites More sharing options...
Pelle Posted January 3, 2006 Share Posted January 3, 2006 So, have we been taken over by Schalke yet? Ok, I'll quit that old joke. :? *leaving* Link to comment Share on other sites More sharing options...
Laughing_Gravity Posted January 3, 2006 Share Posted January 3, 2006 "Take over could be done by New Year". It doesn't say which new year. Link to comment Share on other sites More sharing options...
stevenjos Posted January 3, 2006 Share Posted January 3, 2006 I think the difference between aston villa PLC and *another club* private takeover is different over one reason HDE Link to comment Share on other sites More sharing options...
LancsVillan Posted January 3, 2006 Moderator Share Posted January 3, 2006 I think the difference between aston villa PLC and *another club* private takeover is different over one reason HDE depends which 'other' club. Chelsea - nope that was London Pompey - nope that is a partnership ManUre - yep agreed he is holding out for a sell-off when the buyer isn't prepared to launch themselves like the Glasers (unfortunately) into a hostile bid Link to comment Share on other sites More sharing options...
Benji76 Posted January 3, 2006 Share Posted January 3, 2006 most recent news from ic brum 2/1/06. nothing new..... http://tinyurl.com/7rfc6 anyone suspiciuos about how long the due dilligence is taking? Link to comment Share on other sites More sharing options...
LancsVillan Posted January 3, 2006 Moderator Share Posted January 3, 2006 anyone suspiciuos about how long the due dilligence is taking? nope it's a long laborious process at the best of times in like minded companies, when one is new to the game they will want to see and know more before following it through. Link to comment Share on other sites More sharing options...
Silent_Bob Posted January 3, 2006 Share Posted January 3, 2006 Every thing is pointing towards a takeover in the very near future. After months of negotiations there is now a firm bid on the table. I would be very surprised if it is rejected. I'm not sure what happens next, but shouldn't the board now come together and discuss the bid? And from that they will make a recommendation to all shareholders wether to accept or reject? Due dilligence should be finished now, as it is not longer merely an approach but a firm offer. Or have I got it wrong? Link to comment Share on other sites More sharing options...
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