What happened to all the other interested parties reported to be mulling it over?
A pity GTCR didn't put a number down, even if it was a low bid and rejected it would have set a benchmark and would have obliged GBG management to explain and demonstrate why it is worth a higher bid.
Bit disappointed how weakly this fizzled out, was starting to plan how to spend the proceeds. Oh well. As you say we will have to hope for a good trading report instead. |
Alasdair Young, an analyst with broker Panmure Gordon, said GB Group is now an attractive Buy stock: “With the shares now only seven per cent higher than they were before press speculation about the bid emerged, we see this as an attractive entry point for one of the UK’s best software assets.
“Moreover, we highlight that in the absence of a sale, current holders will benefit from the anticipated acceleration/expansion of growth and margins as Acuant becomes fully integrated and the revenue base becomes increasingly US-weighted.”
hxxps://www.thebusinessdesk.com/northwest/news/2104142-us-private-equity-firm-pulls-out-of-making-an-offer-for-gb-group |
Where did the bidding rumours come from because that's all it was GTCR likely trying to flush someone out.... Ok down a load but I'm happier and hold more .... Along with selling along the way. GBG are tightly held.. |
Blackh
You been spamming cury for months
Do one you moron |
Switched to CURY (LSE) today , excellent debt free growth stocks , with huge revenues, dividends & share buy back |
 Response to S tatement by GTCR
GBG notes the statement by GTCR LLC ("GTCR") that it is no longer evaluating a possible offer for GBG and that it is consequently bound by the restrictions under Rule 2.8 of the City Code on Takeovers and Mergers (the "Code").
GTCR first announced it was considering a possible cash offer for the Company on 6 September 2022, in response to media speculation. The GBG Board had early-stage discussions with GTCR in respect of a possible offer for the Company, but agreement could not be reached on terms.
The Board of GBG believes the Company has a long runway of sustainable growth opportunities underpinned by supportive structural drivers such as digitalisation and an ever-increasing need to protect against fraud. The wide-ranging capabilities GBG has developed and acquired over recent years give it a leadership position in the identity verification and fraud markets and reinforce its position as one of the largest pure-play identity software solution providers globally. GBG is focused on achieving its strategic and financial objectives in FY23 and beyond, and the Board believes the delivery of these objectives will create significant value for GBG's shareholders over time.
As a result of the announcement by GTCR, GBG is no longer in an offer period for the purposes of the Code. |
Around 450 pre-bid, plus they missed the recent market weakness. Think I'd wait to add. |
Have to say I couldn't believe they paid the price they did for that recent acquisition, a crazy multiple given tech PE multiples were tumbling at the time. |
Adding back in here. |
We have a trading update in October which hopefully starts the share price going north again. |
That is good news as I did not want the company purchased on the cheap. |
Deal Dead. |
I think the time limit is 6 months, other things being equal. |
If they dont bid is there a timelimit before they can bid again |
In accordance with Rule 2.6(a) of the Takeover Code, by not later than 5.00 pm on 4 October 2022, GTCR must either announce a firm intention to make an offer for GBG under Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer for GBG, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Takeover Code. |
Assume there will ne an announcemebt monday |
GB Group bidding war: Advent, Permira mull joining GTCR in bidding for GBG shares:
hxxps://capital.com/gb-group-gbg-bidding-war-advent-permira
£1.3bn is far too low. This equates to 515p per share. |
Current buys in real life is around 606 and sells 604 so what ADVFN is showing now is someone playing with options 1% above the ask... |
Drat, watching all the exciting goings on elsewhere and missed a chance at 590p this morning. |
More call and put options yesterday at levels way above todays market collapse..... these options must be expensive if this continues to drop.... Haven't a clue what could and will happen now ..... but there are bargains galore in the market. All previous is my financial uneducated opinion gla |
Has anyone spotted whether any of the big holders have been trading in anticipation, or are they doing what the board say and sitting tight?
Hovering to load up if we swing by 600p again, the chance of a £9+ offer must be getting stronger. |
Like watching paint fry. Tick tock at this margin I don't see it happening... anyone else |
About a week to go then.Let's hope a bidding war begins. |
I think its 4/10/22 |
Is the deadline next Wednesday 5th ? |
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