Umbro Share Discussion Threads

[big bad al] 23/10/2007 08:22

Take the cash now and enjoy the profit,i doubt if there will be a bidding war for this one.

[baghdad bomber] 23/10/2007 07:59

Now that's what I'm talking about!

[mr bean3] 23/10/2007 07:52

bidding war will now start

[abcd1234] 23/10/2007 07:45

Nice nice nice ;O)

[big bad al] 23/10/2007 07:27

back of the net..

[call-logger] 23/10/2007 07:12

RECOMMENDED CASH OFFER FOR UMBRO PLC

The boards of NIKE, Inc. and Umbro plc are pleased to announce that
they have reached agreement on the terms of a recommended cash offer to be made
by NIKE Vapor Ltd., a wholly-owned subsidiary of Nike, for the entire issued and
to be issued share capital of Umbro. It is intended that the Offer will be
implemented by way of a court approved scheme of arrangement under section 425
of the Companies Act 1985.

Under the terms of the Offer, Umbro Shareholders will receive 193.06
pence in cash for each Umbro Share.

[sharw] 21/10/2007 09:07

Today's comment from the Telegraph:

[mikey34] 20/10/2007 15:56

The problem now is the combined blocking stake of 25% held between Ashley and JJB.

[call-logger] 20/10/2007 14:45

Page 102 in the paper

[sharw] 20/10/2007 13:14

?????????????????????????????

The link takes you to a Yellow pages search for newsagents

A search of www.dailymail.co.uk does not reveal that.

[call-logger] 20/10/2007 10:40

The Mail quotes the bid price as 190p which is the first time I've seen a figure

[call-logger] 20/10/2007 10:29

The Independent appears to be a day behind the rest

[sharw] 20/10/2007 09:56

Today's papers:

[hi2eddie] 19/10/2007 21:09

any idea on todays trades .....

2 x 14.7 (jjb 14.7)
1 x 14.4

this could be more complex than thought in terms of a buy out
jjb will not sell less than a £2. also where did this stock come from? only 5-6p above todays prices.

jjb 10%
sports direct 15%
barclays 10%
pru 5%

[upside potential] 19/10/2007 20:59

we dont ! bidder assume have done their homework.

[call-logger] 19/10/2007 20:58

And why would we care?

[andrew09] 19/10/2007 20:52

think they have a 10 year deal

[sharefiend] 19/10/2007 20:49

Wall Street "in play" stuff this is - v exciting frankly. jjb wading in now..wish i had bought lots and lots but delighted with this outcome post setting up the thread. well done to anyone else enjoying the ride.

fancy buying umbro with the current state of affairs re: euro 2008 qualification - hope england dont go for a new sponsor !

[hi2eddie] 19/10/2007 18:40

JJB bought their stake for 178.3
the trade is listed twice as 2 lots x 14.7 million...
who did the other trade?
also another trade for 14.4 million at 1.78
all bodes well for monday.... waiting for weekend papers we have lift off £2.00 monday.

good weekend everyone and good luck all. any comments regarding today/monday ?

[sharw] 19/10/2007 17:19

After close JJB announces has 10%. Possibly the same as Sports Direct - not the bidder but their stake would give them some desirable bargaining power with Nike or whoever. Will no doubt aid speculation in the weekend press which could in turn fuel another rise on Monday.

[mikey34] 19/10/2007 15:44

mick33

Good luck with it.In your favour is the fact that compared to say Nike or Adidas, Umbro is tiny and thus they could afford to pay quite a premium and still barely feel it.

[hi2eddie] 19/10/2007 15:40

expect news on the weekend....looks like a done deal 13.6M shares traded...small movement in price... expecting take out price about 1.80. dont think will go mucch higher. was hoping for rns today...i guess monday or after close today it looks like nike!!!!!!!

[mick33] 19/10/2007 15:30

totally disagree with you,i would say it is highly likely,this is a global brand

[mikey34] 19/10/2007 15:15

I`m out at 171.Delighted at last 2 days.Good luck to those still in.MIGHT even get a second bidder but probably unlikely.