Carluccio's Share Discussion Threads

[goliard] 02/9/2010 13:56

It is. The board is supporting the approach, but it is still subject to shareholder approval and rival offers can be made.

I should add that this isn't a 'ruling', the announcement is made in accordance with the Takeover Code, which requires an announcement under rule 2.5

They have commitments from circa 37% of shareholders to vote for the deal.

[spaceparallax] 02/9/2010 13:54

Does anyone know whether, under this ruling, a counter-offer is allowable?

[spaceparallax] 02/9/2010 13:52

Frustrated as I almost bought another 2K earlier, but held off.

I'll make a profit on this, but do honestly believe that they're worth more than 142pps.

[loafofbread] 02/9/2010 13:08

Space,

I'm sure you'll be happier when you next look!

Look time coming but a good result.

[goliard] 02/9/2010 13:06

Excellent price and a good deal for shareholders. Always the possibility of a counter bid, but this looks like a done deal.

[dnfa1975] 29/8/2010 12:11

Restaurants have taste for takeovers

'''''''''''''That attraction was enough for a potential bidder to open informal take-over talks last month with GBK's owner, Clapham House. The likely suitor is Capricorn Ventures International, the Belgium-based owner of Nando's, which already holds a 27 per cent stake in GBK.

It's not just GBK that is attracting interest. While consolidation in the mining sector has dominated the headlines in recent weeks, the restaurant sector is also going through a spate of merger and acquisition activity.....

'''"Shares in Restaurant Group, which runs the Garfunkel's and Frankie & Benny's chains, jumped this week on rumours of bid interest. Meanwhile, Paramount, which owns the Livebait, Caffe Uno, Il Bertorelli and Chez Gerard brands, sold 11 sites to Prezzo this week and wants to sell 26 more. Bay Restaurants is said to be in a deal to sell its Ha-Ha Bar & Grill brand, while Lion Capital, the private equity owner of Wagamama, has asked Rothschild to find a buyer for the 104-venue chain...."

[dnfa1975] 16/8/2010 23:13

chill dude the day is young

[spaceparallax] 16/8/2010 13:25

would be nice to get there.

[dnfa1975] 16/8/2010 13:16

climbing that stairway to 120p now?

[dnfa1975] 12/8/2010 15:52

quiet here but going up

[dnfa1975] 12/8/2010 08:54

New high today

[whiterussians] 09/8/2010 15:37

bid up again

105-106p last chance to buy at 106p imho

[whiterussians] 09/8/2010 15:02

GOING HIGHER IMHO

[dnfa1975] 09/8/2010 09:09

here we go....moving up

[dnfa1975] 09/8/2010 07:27

i think 150p would be a goer, 120p would be just too cheap. hope we get the bid news this week

[dnfa1975] 08/8/2010 09:51

bid from carling at 120p

[dnfa1975] 07/8/2010 10:33

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Chef Glynn Purnell set to take on Jamie Oliver
Aug 6 2010 by Richard McComb, Birmingham Mail

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MICHELIN-star chef Glynn Purnell is to open a second restaurant in Birmingham – stealing a march on Jamie Oliver's new Italian outlet.

Purnell is just weeks away from opening The Asquith as an "ambitious, neighbourhood restaurant" specialising in French-inspired cuisine.

The venture, in Edgbaston, which has been cloaked in secrecy, will not be on the same scale as Oliver's whopping Jamie's Italian at the Bullring, which is scheduled to open in October and will employ 100 staff.

However, Purnell's surprise move throws up the intriguing prospect of arguably the city's best-known chef competing against Britain's most commercially successful culinary star. Oliver's personal fortune is put at £65 million.

Carluccio's, for whom veteran Italian chef Antonio Carluccio still works as a consultant, is also set to open a cafe/restaurant, at Brindleyplace in the autumn as part of its expansion programme.

[spaceparallax] 06/8/2010 15:24

H, you're not wrong - however, this is an Italian company that could only be bought out with an offer we couldn't refuse!

[trendfloor] 06/8/2010 15:13

Certainly broken out through that triangle formation I posted the other day now we need to see it consolidate on the breakout.

[harrogate] 06/8/2010 15:12

Directors are not family though are they ... Only the name really remains i think from Carluccio days

[trendfloor] 06/8/2010 15:10

Nice move up today on a poor day so far all round.

[spaceparallax] 06/8/2010 15:07

According to their website, Directors and related parties hold 26.3%