Maybe. Always frustrating being a private investor, and last to know anything whatsoever. |
Has to be a joint announcement as it affects the stock price of each. Might be a tomorrow morning jobby now. |
Not heard that one before, sorry. |
I thought companies were obliged to put out an announcement one way or another if their share-price was up over 10% in a day. ELM doesn't seem to want to tell us, maybe Innospec should. |
I'm also keeping an eye on Innospec news flow. They just issued a news release, but nothing to do with Elementis |
Still no RNS, but Mark Kleinmann is usually fairly accurate in his reporting. We will soon see. |
Although the Nasdaq have reported it as well and I would find it strange going on there if it was not true |
Kleinman's rarely wrong, there is definitely something going on. But they could decide to finish talks because of the leak and say nothing |
If there is no bid that’s the last time I believe anything on sky |
They need to say something, is it 1.30 our time the Americans make market announcements? |
Typo
Betaville were running this rumour last Wednesday
however am surprised no announcement given Kleinman's readership |
Note "one investor" suggested and it would be an undisclosed mix of cash and shares, which is usually less attractive than a cash bid. Charts suggests it's a rumour been doing the rounds for week. |
Now it’s hitting news it’s on alliance news now I think they are going for the American market open |
I think it’s more likely they are going back to previous bidders to ask do they want to up theirs before making announcement of agreed bid, I would expect something any moment certainly before US open either way |
How long does it take to formulate an RNS to inform shareholders and the markets that the rumoured bid is a load of B,,,,,ks. No time at all I would think.
However if they have to formulate an RNS to confirm a bid they may well have to explain in more detail how the media have scooped the news before their shareholder.
There are quite a few large buys this morning, certainly not PI's which tend to suggest that there is some substance in what is being reported so a bid may well be on the cards once more. I would be pleasantly surprised if it were as high as £2 a share and maybe it's present level is around a more likely offer price and the markets know more than we do. AIMO.
regards |
could not agree more as the
rns might drop at any second
between now and cob today,
i do not think the pricing
is right as the offer could
be well above current trading
price of 165p, |
I think they will have to issue an RNS one way or another, even if just to say that they know no reason for the sudden increase in the share price |
I agree it could be one of those times, it’s uncommon though. If it does transpire to be in excess of 200p then it’s currently a real bargain! |
Is the market ‘aware’ of the new bid, I’ve seen a ceo give a profit warning on news but company had failed to issue to LSE in that case the shares dropped 8% in morning trade, when they issued statement on US market they fell over a third, same happens other way round sometimes |
The market doesn’t currently believe the offer will be as high as 200p. |
Looking back at chart £2 would still be a loss for some was near £3 only three years ago but is slot better than 50p at height of pandemic falls |
From Sky news
The disclosure will again raise questions about why the written offer from Innospec had not already been divulged to Elementis's shareholders given the credibility of the bidder.
One investor suggested that the bid had been tabled in a mixture of cash and shares, and that it valued Elementis at more than 200p-a-share. |
From the Times
A London-listed chemicals company that rejected a series of takeover bids from across the Atlantic last year has received a fresh approach at a big premium to its latest share price.
Elementis, which makes chemicals used in products such as deodorants, has received an offer from Innospec valuing it at more than £1 billion. The bid from the Nasdaq-quoted group could be announced as early as today, according to Sky News. |
Just checked is also on US news about it so why no RNS yet? |
So you think we will get mid morning news or when US market opens? |
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