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Neuropharm Share Discussion Threads
Showing 651 to 673 of 675 messages
|ticker changed to NPH!
|Not much point, is there? The company is being delisted soon!|
|Can we have a chart in the header please, kind sir ?|
|I believe that NHP was today paying those people who accepted the 260p offer.
If anyone receives the money, would you please post here? My shares are held via Barclays and they sometimes take an age to pay what's due.
|But surely anyone who didn't accept the offer can sell the shares in the market now, rather than accepting the 10% compensation. If they can't then how can this possibly be fair? What if someone was out of the country for a few months? They come back to find they can only get 10% compensation for their NHP shares.|
|The applicant was committed under the Mental Health provisions.|
|In the Ferguson v Regina case the application was deemed invalid by the Manchester County Court.|
|No. Those who didn't accept get ONLY 10%. That's because they did not accept 'in a timely fashion'. If they hang on to their certificates they might get further compensation in 10+ years. There is one other way of getting some more money back. If, within 10 days, you make an application to the high court under the 'mens rea' provisions you will get a further 17.5% back (which is, of course, the VAT component). A further, untested route, is an application under the 'mens insana in corpore sano' regulations. However it is unlikely (see Lord Justice Wenger's comments) that the EC would give full approval to this method.|
|Do I understand you correctly - those of us who accepted get 260p.
Those who didn't get 260p + 26p compensation?|
|If you make an application to the registrars by next Thursday (i.e. one week before the payment is dispatched)you will get a 10% compensation voucher. You're also probably in luck: under Takeover Panel rules, if the new owners sell on after 10 years you get another 10%. However you don't get any other cash or shares in the new company because you have failed to commit 'in a timely fashion' (section 176 #p.b.).|
|If you didn't accept the offer, what then, do you get shares in the parent company or are you forced to take the cash?|
|Me too. We've missed a significant uplift in all indices and with average luck could have made a lot of money. I certainly have on the rest of my portfolio. We live and learn.|
|Still another fortnight to go...
With all this waiting around for the cash I wish I'd sold in the market for 258 one and a half months ago instead of accepting the offer.|
|What did we get £2.60...it's just it seems to be ticking past that now, latest I've got is £2.64!|
|The cash is being dispatched to shareholders on Feb 23.|
|This is dated today 2/2/05!
(Updates to add European Commission's competition concerns)
BRUSSELS (AFX) - The European Commission said it will allow the UK Office of
Fair Trading to rule on the acquisition by US private equity firm Blackstone of
care homes group NHP PLC.
The acquisition met certain thresholds, putting it in the jurisdiction of
the European Commission. However, the commission decided after conducting a
month long inquiry to allow the OFT to rule on the deal as it affects a distinct
market in the UK.
Blackstone already has a foot in the UK care home market after its
acquisition of Southern Cross Healthcare Ltd. Acquiring NHP will thus strengthen
Blackstone's market share in the care home services market in the UK.
The OFT identified that the merger will affect competition in three local UK
authorities where the parties will have a high combined market share: namely
Abroath, Nottingham and Port Talbot. Consequently, the OFT asked to be able to
rule on the deal.
The commission said that its own investigation revealed that there are
separate markets for nursing and residential care but the merger will affect
competition in at least some of the local markets in the UK.
|Gone unconditional today.....just!|
|Well if you look at the huge rise in share price over the past couple of years, along with the results and figures, 260 seems pretty cheap. I'm sure if there were no offer, it would have surpassed that figure all by itself over the next few months anyway. So, I am actually tempted not to sell, but I don't understand what happens if I don't.|
|I thought it was pretty clear that the NHP board and advisers were recommending the deal!
I wonder though, since their total holding of shares is miniscule, whether they have an aditional interest in the takeover taking place.
There is a suggestion in the proposal that board members will have an interest in the future company.
This may lead one cynically to suggest that the deal is NOT necessariy in the interest of shareholders.
There is little evidence of institutional holders being against the deal, but I for one would like to see what is going on - not just from the side of the NHP board!
This company must have a lot of potential - as otherwise there would be no offer.......
Surely there would be other interested parties out there.|
|So.. can anyone explain what happens if you choose not to sell your shares? Presumably if TBG CARECO get more than 50%, your shares get converted into shares under that company name at the closing market rate. Anyone know what the NHP board, or house broker is recommending? Normally you get a statement from the company in this situation, but haven't seen one.|
|shorters covering their losing positions|
|why the buy???
is there money to be made???|
|Doesn't look like it. Not a bad turnaround from the wreck of a co. a few years back. I'm happy with £2.60.|