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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aurelian | LSE:AUL | London | Ordinary Share | GB00B15S8C31 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.125 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
12/11/2012 09:28 | Joncraven, Check the RNS again, looks like the big boys have signed up to it... The Aurelian Board intends unanimously to recommend that Aurelian Shareholders vote in favour of the resolutions to be proposed at the Court Meeting and the General Meeting which are to be convened to approve the Merger, as they have irrevocably undertaken to do in respect of their own personal interests totalling 3,617,595 Aurelian Shares, representing approximately 0.73 per cent of the Aurelian Shares (as further described in Appendix III). · San Leon has received irrevocable undertakings to vote in favour of the Scheme at the Court Meeting and the resolutions to effect the Merger at the General Meeting from Kulczyk Investments S.A.,Toscafund Asset Management LLP and Lord Sainsbury in respect of an aggregate total of 207,866,958 Aurelian Shares, representing approximately 42.06 per cent. of the issued ordinary share capital of Aurelian. In addition, a letter of intent has been received from Cheyne Capital Management (UK) LLP in relation to 23,598,420 Aurelian Shares representing approximately 4.77 per cent. of the issued ordinary share capital of Aurelian confirming its current intention to use its reasonable endeavours to persuade the owner of 23,598,420 Aurelian Shares, in relation to which it holds contracts for difference, to vote in favour of the Merger. · In aggregate, therefore, irrevocable undertakings and letters of intent to vote in favour of the Scheme at the Court Meeting and the resolutions to effect the Merger at the General Meeting have been received in respect of a total of 235,082,973 Aurelian Shares, representing approximately 47.56 per cent. of the ordinary share capital of Aurelian in issue. | knobbly | |
12/11/2012 09:23 | how many percentages of votes needed to pass the merger. Could somebody clarify please..thanks | naithani | |
12/11/2012 09:22 | Would SLE holders top up and buy AUL shares then and get a discount??????? Surely you can short SLE and buy AUL shares and make the difference??? | johncraven | |
12/11/2012 09:19 | Would be nice to see a regal pet and get some big boys moving the price up and reject the 12.47p merger. | johncraven | |
12/11/2012 09:18 | not a great deal, wonder if there will be another bid. I am sure they have canvassed the major shareholders who ok'd it though. | utrecht_00 | |
12/11/2012 09:11 | mellifluous... Two big drunk men filling up at the cheap beer prices. Guaranteed after the big boys load up...both will rise. Give it until later today even | thelads1 | |
12/11/2012 09:08 | When is the deal meant to be going through? Not worth selling Aul though is it????? | johncraven | |
12/11/2012 09:08 | Two drunk men trying to support each other. Result ? Both fall over. simple. | mellifluous | |
12/11/2012 09:03 | Which at the current price of 8.2p (SLE) means AUL is worth 10.6p. Large holders that don't like the deal will be using any liquidity to sell hence why both are down I suspect. | greenroom78 | |
12/11/2012 09:03 | Greenroom, agree with that. What I don't understand is that I would expect AUL share price to now track SLE share price x 1.3. But AUL share price isn't. Any clues why? | knobbly | |
12/11/2012 09:01 | No JC 1.3 SLE share per AUL share is the merger price. Therefore if SLE are down 15% you'll get 15% less in cash terms for your AUL. If the deal goes ahead your AUL shares are worth 1.3x the SLE price. | greenroom78 | |
12/11/2012 08:56 | Dont understand either way SLE are merging with AUL at 12.47p??? So why are AUL down? Doesnt matter what price SLE are 12.47p is the merger price??? Please explain??? | johncraven | |
12/11/2012 08:39 | If SLE goes to zero. AUL is worth 1.3x 0 i.e. 0 | mellifluous | |
12/11/2012 08:37 | Exactly AUL are probably a good punt | parsons | |
12/11/2012 08:32 | sometimes arbitrage is possible | odvod | |
12/11/2012 08:28 | Thanks odvod. But surely 8.85 (SEL bid price) x 1.3 is 11.5p ? Sorry the numpty question. Just trying to understand! | knobbly | |
12/11/2012 08:23 | because aul price is now determined by sle share price * cca. 1.3 | odvod | |
12/11/2012 08:22 | So why are AUL shares not trading at 12.47p (or thereabouts?) | knobbly | |
12/11/2012 08:11 | gap closed | odvod | |
12/11/2012 08:04 | Most people cant work it out!! | parsons | |
12/11/2012 08:02 | The market does not agree Parsons :-( | stockriser | |
12/11/2012 07:57 | Dont agree mell it makes a change some small businesses getting together rather than just keeping going and running out of money. Bravo to both managements. | parsons | |
12/11/2012 07:54 | Both companies must be in dire straits to be this desperate. Two drunk men trying to hold each other up. | mellifluous |
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