Gb Share Discussion Threads

[hotfinance14] 04/10/2022 11:39

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.

[liam1om] 04/10/2022 11:33

Around 450 pre-bid, plus they missed the recent market weakness. Think I'd wait to add.

[lomax99] 04/10/2022 11:29

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.

[lomax99] 04/10/2022 11:24

Adding back in here.

[hotfinance14] 04/10/2022 11:12

We have a trading update in October which hopefully starts the share price going north again.

[hotfinance14] 04/10/2022 11:05

That is good news as I did not want the company purchased on the cheap.

[bulltradept] 04/10/2022 11:04

Deal Dead.

[terry topper] 02/10/2022 18:35

I think the time limit is 6 months, other things being equal.

[sailorsam1] 02/10/2022 17:53

If they dont bid is there a timelimit before they can bid again

[hotfinance14] 02/10/2022 16:06

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.

[sailorsam1] 02/10/2022 12:15

Assume there will ne an announcemebt monday

[hotfinance14] 02/10/2022 09:22

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.

[wolansm] 29/9/2022 08:34

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...

[marktime1231] 28/9/2022 11:53

Drat, watching all the exciting goings on elsewhere and missed a chance at 590p this morning.

[wolansm] 28/9/2022 09:44

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

[marktime1231] 27/9/2022 17:11

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.

[wolansm] 27/9/2022 10:45

Like watching paint fry. Tick tock at this margin I don't see it happening... anyone else

[hotfinance14] 26/9/2022 15:25

About a week to go then.Let's hope a bidding war begins.

[luckydip1] 26/9/2022 14:25

I think its 4/10/22

[hotfinance14] 26/9/2022 13:13

Is the deadline next Wednesday 5th ?

[luckydip1] 26/9/2022 09:54

Pound falling further,getting close to the deadline....

[marktime1231] 23/9/2022 12:09

As GBP:USD continues to fall it makes an acceptable offer for GBG increasingly affordable for US bidders. Down to about $1.10 now, when the rns of a possible cash offer was announced cable was around $1.15-1.16.

[nigeldoug1] 23/9/2022 09:34

Those that wanted to sell have now sold. Time for 'put up' or 'shut up'.

[seanyboy] 22/9/2022 16:15

Key word there is THINKS & I don't see markets surging forward any time soon - not sure how this will affect any GBG offer but it certainly does not help! No offer & go for your tin hats because drop will be savage but I worry not as longer-term this will just be another blip & GBG will ride the storm

[hotfinance14] 22/9/2022 13:18

The Monetary Policy Committee now thinks inflation will peak at 11pc in October – down from previous forecasts of 13pc.This is good news for GBG.