Aegis Group Share Discussion Threads

[kathryna] 29/11/2005 11:06

Is it correct that if you own 30% of the shares you have to make an offer for the company or am i confused?

[kathryna] 28/11/2005 16:12

apparently he now has accumulated 29.9% of the shares according to yahoo finance. a bid may be on the way with a bit of luck!

[stonec10] 28/11/2005 11:58

Thanks sharw. I can't see how just 'tieing up'the 2 cos. will bring him much personal,financial reward. My guess is that he has another game to play.

[sharw] 28/11/2005 11:44

That is because it was announced before open that M. Bolloré has been buying again and now has just over 25% - sufficient to give him a blocking vote on any special resolution. My guess is that he will keep buying until he gets to 29.9%.


stonec10 - he has not bought just to see the value of his holdings slide. I have been reading about him over the weekend - there is quite a lot in the French press. One thing that stands out is that he is a very cunning operator who plays his cards very close to his chest. Few people could work out what his next move will be, but move he will IMHO.

[mr ashley james] 28/11/2005 08:27

strong move this morning

[stonec10] 25/11/2005 15:42

I'm surprised at the lack of comment, so far. Bollore must be down considerably on his investment. I seem to remember that he started buying around 120+ So what will he do now, walk away with a considerable loss?

[stonec10] 24/11/2005 15:45

WPP 'put up' or 'shut up', by noon.

[j tuwatmoya] 24/11/2005 15:25

is it crunch day tomorrow?

[stevehill99] 20/11/2005 09:49

Strong Monday

[dogmanager] 17/11/2005 07:02

WPP 140p bid rumours

[stonec10] 16/11/2005 16:24

Sarting to move?

[mr ashley james] 01/11/2005 11:02

NO idea but IMO Chart looksset to go short term to 131.50p to 132p IMO

[mozza0508] 01/11/2005 09:55

Mr James..... I am also of the view that this situation will be resolved before and not until expiry of deadline, with Sorrell having said that the order from LSE gave him more than enough time to consider an offer.

The question is the price tag with Publcis putting a damper on things!

[mr ashley james] 01/11/2005 09:28

Mozza,

If not why did Levy bother commenting?

He obviously wants LSE:AGS and I think Sorrell at WPP does too.

Interesting, it seems bid is imminent, the timing is probably not coincidental IMO.

Cheers

Ash:)

[mozza0508] 01/11/2005 09:20

Mr James...... Thanks once again for your input.

I regularly log on in the morning. Is there any significance could be attached to Bollore raising his stakes? Also Could Publcis come back to bid for AGS so soon after they had apparently abandoned the idea?

[mr ashley james] 01/11/2005 09:10

Sounds like Publicis still interested at 140p



Publicis' Levy said rivals 'will not top my offer for Aegis'

LONDON (AFX) - Publicis SA chief executive Maurice Levy said a financial
buyer will struggle to trump the French advertising group's valuation of Aegis,
the media buying business that received a takeover approach from his company
earlier this year.
In an interview with the Guardian newspaper, Levy said a non-trade buyer
could not match the 140 pence-a-share price tag that Publicis attached to Aegis.
He was referring to discussions the British media buyer is holding with Hellman
& Friedman, the US private equity firm, which is expected to lead to a joint
approach with UK advertising group WPP.
"Normally a non-trade buyer will have an issue with getting synergies. To
extract synergies you need some similar assets," Levy said.
Publicis withdrew from takeover talks last month after deciding that it
could not go above 140 pence, a figure that valued the owner of Europe's largest
media buying network at 1.6 bln stg.
Levy said the Aegis shareholding held by Vincent Bollore, chairman of French
rival Havas, had contributed to his group's withdrawal from the auction.
"Vincent Bollore was going towards 20 pct and was making the acquisition
more complicated."
vs




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[mr ashley james] 01/11/2005 08:46

Bollore raises Aegis stake to 21.05 pct

LONDON (AFX) - Financiere Du Loch, controlled by French entrepreneur and
Havas SA chairman Vincent Bollore, has purchased a further 985,396 shares in
Aegis Group PLC at 1.25 stg each and now holds 237,336,762 shares, representing
21.05 pct, Aegis said.
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Copyright AFX News Limited 2005. All rights reserved.

The copying, republication or redistribution of AFX News content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.

AFX News and the AFX Financial News logo are registered trademarks of AFX News
Limited

[mr ashley james] 01/11/2005 08:32

Looks like Boloré now up to 21.05% buying to 124.50p

[mr ashley james] 01/11/2005 08:02

Price settling.

[mr ashley james] 31/10/2005 15:45

JT,

This is what Sorrell is up against IMO

[mr ashley james] 31/10/2005 15:31

JT Who knows?

I think it is the Due Dilligence holding it up, I guess he will be watching market to see how bullish it is and judge best timing.

If I was in his shoes after recent drop in UKX I would move sooner rather than later today's moves is very strong and likely to develope into a strong Xmas rally.

If he can not nip AGS in the bud by 25th November 2005 he is out for six months as prevented from rebidding.

So it is a do or die situation this month IMO.

Because I do not think he is a fool I think he will move this week before market rally picks up steam.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[j tuwatmoya] 31/10/2005 15:12

well i thought sorrell must be bluffing, hang out to nov 25 and pass. perhaps we just wanted to see the sensitive information which was declined? or perhaps just trying to force publicis higher.

[mr ashley james] 31/10/2005 14:46

JT,

No with current spate of M & A Activity ref LSE:MONI,LSE:PO.,LSE:PILK, LSE:OOM with LSE:AGS Clearly a target in play and a potential takeout premium of 30% I think people are just booking into LSE:AGS as the next Stock probably in play.

The decision must be made by 25th November 2005 and with shareprice rising from after hours Friday looks like LSE:AGS is going to have a strong week this week IMO.

After the gap was filled to 122.00p to 123.00p it really did not look like going any lower so think the only way is up.

It was also patently obvious that the main market indices were going to move up strongly from today.

All IMHO, NAG, DYOR etc

Cheers

Ash:)