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DWN Dawson Hldgs.

18.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dawson Hldgs. LSE:DWN London Ordinary Share GB0002584562 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dawson Share Discussion Threads

Showing 1251 to 1272 of 1350 messages
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older
DateSubjectAuthorDiscuss
07/6/2011
15:12
Lets wait and see, this mornings news was a pleasant surprise.

If the Directors see the value as as the best they can achieve over 6mths of negotiations and large holders of stock have acquiesced to the bid it's all over isn't!

dazzaa
07/6/2011
13:30
Well Smiths obviously think there's a good chance of a bid by fact of the penalty clause they have in there if DWN change their mind and go with another on a recommended. Perhaps NWS know they might have got the 'recommended' bid but it might flush out another buy that perhaps have intimated interest with DWN.

Agree with markt - Pearson could benefit from DWN far more - I'd have thought there's no end of private equitiy co's that would like to buy this too on an Ebitda of much more than 3.4 and load it up with debt and refloat on AIM. if you sell off the non ebook division you're getting the e-books for a right snip imo.

CR

cockneyrebel
07/6/2011
12:42
If we get a counter bid - let's hope that some 'Deal Fever' breaks out amongst the bidders.
erniemadoff
07/6/2011
12:03
and would also be beneficial for Pearson and their subsidiary Penguin books....and I am sure they publish other books in Education division

Pearson could expand Dawson library e-book system not just to public libraries in the UK.....

but to universities and public libraries around the world.....Pearson are global.....no need to limit to just the UK...

and the price is currently 3.4 x EBITDA !
Pearson could pay double, 6.8 x EBITDA and would perhaps equal what they spend on stamps in a year !...and get great benefit from the acquisition....


Can Bertrams expand Dawson ebooks technology around the world in say 6 months ?
No....Pearson could. Pearson runs colleges....so they can choose the technology they want to use in them.
On the other hand...Dawson has been under offer for months...so perhaps they would have made an offer by now....or maybe any competing offer will prefer to see an offer on the table...and then just offer 10% more...rather than start any bidding
==

And what can Smiths do with the technology for distribution of films etc to ipads in planes...or with Phoenix Ltd....?? nothing ??

Whereas I think that Pearson could do something with it.....Pearson are imho a much more technological company than Smiths

already active in the area of ebooks......a different delivery technology would be an addition for them....one they can use globally....India (where they are expanding), Brazil (where they are expanding....) etc , USA (biggest customer for Pearson)

C'mon Pearson, counter bid ! please !
====

BTW
the DWN CEO will get at least 12 months pay I would assume, his notice period is 12 months, if not kept on...
300k. ....

markt
07/6/2011
11:30
I'm holding for a counter bid too - when this gets in the press there's gonna be interest imo:

By Mario Christodoulou
Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--Smiths News PLC (NWS.LN) one of the U.K.'s largest newspaper distributer, said it hopes to use its acquisition of academic books supplier Dawson Holdings PLC (DWN.LN) to begin distributing digital books in public libraries.
The company said earlier Tuesday it planned to purchase Dawsons for around 17.7 pence-per-share, valuing the company at about GBP17.3 million.
The company said it purchased Dawson in part to take advantage of the company's digital-book technology already in use in universities across the U.K., offering library-goers electronic versions of academic books.
Chief Executive Mark Cashmore told Dow Jones Newswires he would like to use Dawson's digital-book technology expanded to public libraries. Here it could be used to distribute consumer books and specifically those already handled by Smiths News' subsidiary Bertrams.
Bertrams, a book wholesaler with around 180,000 titles in stock including books by popular novelists including John Grisham, Bill Bryson and Patricia Cornwell, distributes to retailers across the U.K.
"We have seen behind the scenes at Dawson and we know this is a way to give Bertrams a way into the e-book market," he said.
"It is about developing [Dawson's] e-book platform so it is not just suitable for academic libraries but public libraries too."

cockneyrebel
07/6/2011
11:29
I will be holding for a counter bid or bids.
erniemadoff
07/6/2011
11:11
come on guys get real
solarno lopez
07/6/2011
11:11
Bigbigdave ref your earlier point, I'm not looking to mount any shareholder action with my holding. It would seem pretty impossible with the number of existing acceptances. Still hopeful of a counter bid though.
davydoo
07/6/2011
11:06
Smiths News digests rival Dawson
bigbigdave
07/6/2011
10:53
I think DWN is actually worth more without a bid - a total farce the way these have been taken out so cheaply.

Cummon Menzies - ride to the recue with 20p+ at least!

CR

cockneyrebel
07/6/2011
10:51
Yes - perhaps that line acts as a big alert to another bidder

CR

cockneyrebel
07/6/2011
10:37
Gonna hold for a while.

If DWN's that cheap, there's a good chance of a counterbid.

napoleon 14th
07/6/2011
10:35
.point is a new bidder knows where he has to start from
solarno lopez
07/6/2011
10:22
Way too cheap - very disappointed after holding this company for a few years.

Ernie.

erniemadoff
07/6/2011
09:59
How long do you have to keep the shares before you get the funds?
mrx9000
07/6/2011
09:46
Presumably if a counterbid came in then the directors would look to the new bidders to pay off the GBP172,620 penalty for them.
protean
07/6/2011
09:44
Well Smiths can't back out - once you make a a bid you're stuck with it unless something materially changes. I think at the moment the mm's will be gladly collecting what they can sub 17.5p for NWS - NWS would gladly take them and reduce their bid costs imo.

Normally you see the bid gradually walked up over a few days to weeks as the sellers dry up and the offer nears paying out.

If the bid starts to creep up further then there might be a counter bid. Would Menzies want it? Would a Private Equity Co want the E-book division? I'll hold and get paid out rather than sell just in case someone else makes a higher bid - these certainly haven't been taken out on much of a valuation imo.

CR

cockneyrebel
07/6/2011
08:49
11. Inducement fee and non-solicit

Under the terms of the Break Fee Agreement entered into immediately before the date of this announcement, Dawson has agreed to pay Smiths News GBP172,620 if:

-- The Dawson Directors withdraw, suspend or adversely modify or qualify their recommendation of the Offers as set out in this announcement and thereafter either Offer lapses or is withdrawn in accordance with its terms; or

-- a competing offer is announced before the Offers lapse or are withdrawn and the Offers subsequently lapse or are withdrawn and that competing offer (or any other competing offer announced prior to the lapse or withdrawal of the Offers) subsequently becomes or is declared unconditional in all respects.

Under the terms of the Break Fee Agreement, Dawson has undertaken directly or indirectly, not to solicit, initiate or encourage a Competing Transaction for the Exclusivity Period. In addition, Dawson has agreed to notify Smiths News promptly of any approach made in relation to a Competing Transaction.

abc125
07/6/2011
08:37
Offer down to 17p. Almost worth buying some more here if there is a guaranteed takeover at 17.72p.
protean
07/6/2011
07:43
I'm off to Smiths (the other one) going to buy a thank you card and send it to Schroders.
davydoo
07/6/2011
07:36
MM's opened up the doors on the offer...can buy 250k online at 17.49
sportbilly1976
07/6/2011
07:28
Small buying at 17.45. Seems too small to benefit from the arbitrage opportunity up to 17.722when you factor in time and other costs, so maybe hopeful of a counter, buying at 18 would be very interesting.
davydoo
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older

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