Invensys Share Discussion Threads

[m welsh] 15/7/2013 10:26

Phoenix1234, can you copy and paste article, it blocks me as soon as i log in, thanks

[phoenix1234] 15/7/2013 10:14

Invensys plc - "indicative offer" - I was right!

[jak1] 14/7/2013 15:47

yum yum been waiting for this day for a long long time...

[bigbigdave] 14/7/2013 07:26

GE to crash bid battle for Invensys

The American giant considers trumping a French offer for the FTSE 250 industrial stalwart with a £3.5bn counterbid

ONE of America's biggest companies is plotting a £3.5bn counterbid for Invensys that could trigger a transatlantic battle for the British industrial software company.

General Electric is thought to be weighing a raid on Invensys that will trump last week's 505p- a-share proposal from France's Schneider Electric.

Sources said an auction between two of the world's biggest industrial beasts could drive up the price to 550p, which would value Invensys at £3.6bn. GE, led by Jeff Immelt, has a stock market value of £162bn, while Schneider is worth £28bn.

Schneider's informal offer of 505p comprises 319p in cash and 186p in new shares. It has until August 8 to make a formal offer.

One source said Schneider's proposal was strong but a rival could trump it by offering a greater cash incentive.

GE declined to comment. City sources cautioned that while it was "extremely interested" in Invensys, there was no certainty it would enter the bid race.

Invensys's second-biggest shareholder stands to pocket a fortune from any deal. ValueAct, an activist American hedge fund, has amassed an 8% stake over seven months and Schneider's proposal would result in it making £100m on its shares - equivalent to nearly £1m every two days since it started buying last December. Its average purchase price is thought to have been between 330p and 340p.

The hedge fund could make even more if GE raises the stakes with a blockbuster offer.

ValueAct's stake-building, revealed by The Sunday Times in April, put Invensys on bid alert. The fund has a history of buying shares in companies ahead of takeover activity. At the time, an industry source said: "Well, they are not interested in the dividend, are they?"

Last year, ValueAct was pivotal in the break-up and eventual sale of Misys, the UK software business, to private equity. It had been one of Misys's biggest investors for more than four years. Invensys makes software and control systems for industrial plants, power stations and home appliances. It has nearly 20,000 employees worldwide.

A takeover would herald the end of an era for a company whose roots stretch back to 1924. Invensys was formed in 1999 when BTR (British Tyre & Rubber) agreed a £10bn merger with Siebe, a British rival.

Bidders began circling Invensys last year. In June, Emerson, the American giant, made an approach but the talks came to nothing.

In December, Siemens, the German trainmaker, swooped on Invensys's rail division, which makes signalling systems for the London Underground and railways around the world.

The £1.7bn sale of Invensys Rail was expected to flush out bidders for the rest of the business. Nearly £500m of the proceeds was used to plug the deficit in the Invensys pension scheme, which was previously seen as a deterrent to predators.

Offloading the rail arm was also the catalyst for ValueAct's stake-building.

Although one of the world's largest companies, the strength of GE's presence in Britain is not widely appreciated. A decade of rapid expansion has made Britain its second-largest market with nearly 20,000 staff. GE's British arm accounts for about £7bn of revenues. Its last deal was the £800m takeover of Wellstream, the FTSE 250 oil services firm. GE has also bought Smiths Aerospace and Amersham Healthcare.

Shares in Invensys closed at 508p on Friday, valuing the company at £3.3bn.

hxxp://www.thesundaytimes.co.uk/sto/business/Industry/article1287510.ece

[mitch101] 12/7/2013 22:36

Donkey
You & me have waited a long time for this...............come on Emerson where are you?

[major clanger] 12/7/2013 17:22

Some broker feedback from SocGen. Reckons ISYS trying to get Emerson to counter...

www.brokerforecasts.com/news/article/articleId/4631700

[bakero] 12/7/2013 14:34

I'm surprised how quiet it is on here, people not anticipating Siemens, ABB etc starting a bidding war?

As ever

£7.40

;-)

[rumpelstiltskin2] 12/7/2013 08:51

also some £2 billion of tax losses that could be useful for the buyer

[jak1] 12/7/2013 08:33

Thats what anal-ist have been saying, I agree with them. Also a long term holder, glad I hung now...


See this link...







Slogsweep 12 Jul'13 - 08:19 - 113549 of 113549

bidding war might take it to £7

[slogsweep] 12/7/2013 08:19

Definately 'in play' can see others bidding for this
watch this space. Pity to see it go overseas as been a long term
holder but a bidding war might take it to £7 - happy with that!

[jak1] 12/7/2013 07:06

Will other bids come in now ? good chance I think...

[stevi111] 12/7/2013 07:04

Invensys plc

Response to speculation

Following recent speculation, the Board of Invensys plc ("Invensys" or the "Company") confirms that it has received an indicative offer from Schneider Electric SA ("Schneider") of 505 pence per ordinary share (the "Offer Price"), of which 319 pence per ordinary share is in cash and 186 pence per ordinary share is in new Schneider shares, for the entire issued and to be issued ordinary share capital of Invensys (the "Possible Offer"). The Board of Invensys has indicated to Schneider that it is likely to recommend a firm offer at the Offer Price.

Bye Bye (and Thank You) ISYS !!

[miti 1000] 12/7/2013 06:20

End of an era for sure...well done to those who kept the faith!! Shame us trader's never did!!

[donkeystone] 11/7/2013 22:21

Evenin' All

If anyone remembers her I feel a bit like the fat bird (I love you all) that used to come on at the end of The Morecambe and Wise show attempt to sing and get seen off ..... too kind and thanks for all your lovely thoughts.

Now lets get down to it, will anyone else come to the party ......... Emerson, perhaps or do we all just get out tomorrow?

As ever

£ oh sod it

ttfn

[stevi111] 11/7/2013 21:30

Well done Donkeystone !!!

How long ago did you set that £4.40 target ??!!!!!!!!!

[qackers] 11/7/2013 21:28

Well done Donkeystone. Wish I had kept your faith.

[rumpelstiltskin2] 11/7/2013 21:23

hxxp://www.invensys.com/en/media/article/958?title=Invensys-plc---Response-to-speculation

[rumpelstiltskin2] 11/7/2013 21:22

here we go.....

July 11 (Bloomberg) -- Invensys Plc received a preliminary takeover proposal from Schneider Electric SA valuing the company at about 3.3 billion pounds ($5 billion) and is in talks about a deal.

Schneider is offering to pay 505 pence a share -- 319 pence in cash and 186 pence in new Schneider shares, Invensys said in an e-mailed statement. Invensys said it indicated to Schneider it's likely to recommend a firm offer at the proposed price.

Invensys disclosed the offer without Schneider's consent said there's no guarantee a firm offer will materialize. Invensys has been a potential takeover target after discussions with Emerson Electric Co. broke down last year.

Invensys gained 2.1 percent to 440.1 pence in London today, giving the London-based company a market value of 2.87 billion pounds. Schneider, based in Rueil-Malmaison, France, is valued at 32.2 billion euros ($42.2 billion) based on today's closing price in Paris.

[perkie] 11/7/2013 16:40

Keep going Donkeystone. Next prediction?

[donkeystone] 11/7/2013 16:20

Bakero,

Apologies. Couldn't resist.

As ever

WTF do I do now?

ttfn

ps sharp rise?

[donkeystone] 11/7/2013 16:19

No 20 past actually!

[bakero] 11/7/2013 15:59

4.40 !!!!!

[jak1] 11/7/2013 09:32

chart looks great...