Possibly people think it may affect the chance of a takeover or indicate a reluctance to be taken over or maybe it's moved up a lot in anticipation of good results and a few are getting out before the announcement and has little to do with the acquisition?
The other big news during FY15 was the potential acquisition of iomart by Host Europe. As it happened, talks were terminated in September. iomartÃ¢â¬â¢s CEO, Angus MacSween, subsequently told us that a formal offer was never made and that the companies were Ã¢â¬Åa million miles away from getting a deal doneÃ¢â¬ï¿¾. Nonetheless, we believe iomart remains an obvious target for takeover.
15th march is the earliest date that host can bid again. Possible exciting times ahead again.
What's up here - big volume. Takeover?