Greene King Share Discussion Threads

[buywell3] 06/9/2019 07:06

IMO if the offer had not been made the update would have knocked 20% of what was already a declining SP

Look at the chart

Sub 500p would now be the price IMO

So IMO the prospective buyer has by not waiting for the latest trading numbers overpaid

But like I have already said , and will say again good luck to holders

IMO however there does seem to be a possibility IMO that the buyer could withdraw

I might be wrong but that is my opinion FWIW


Namely

ii) the Scheme lapses or is withdrawn in accordance with its terms and CK Bidco publicly confirms that it does not intend to proceed with the Acquisition or to implement the Acquisition by way of a Takeover Offer or otherwise;


The irrevocable undertakings referred to in paragraph 1 above cease to be binding on the earlier of the following occurrences: (i) CK Bidco announces, with the consent of the Panel, and before the Scheme Document is published, that it does not intend to proceed with the Acquisition and no new, revised or replacement Scheme is announced by CK Bidco; (ii) the Scheme lapses or is withdrawn in accordance with its terms and CK Bidco publicly confirms that it does not intend to proceed with the Acquisition or to implement the Acquisition by way of a Takeover Offer or otherwise; (iii) the Scheme has not become effective by 11.59 p.m. on the Long Stop Date; or (iv) there is a CKA Board Recommendation Change.

[spud] 06/9/2019 06:58

There he goes, Golum peddling misery. Probably doesn't even know GNK is being bought out and that the TU is regulatory. My precious...spud

[waspfactory] 06/9/2019 06:55

Sour grapes Notbuywell, you missed out.

[buywell3] 06/9/2019 06:28

Poor trading numbers IMO


The irrevocable undertakings referred to in paragraph 1 above cease to be binding on the earlier of the following occurrences: (i) CK Bidco announces, with the consent of the Panel, and before the Scheme Document is published, that it does not intend to proceed with the Acquisition and no new, revised or replacement Scheme is announced by CK Bidco; (ii) the Scheme lapses or is withdrawn in accordance with its terms and CK Bidco publicly confirms that it does not intend to proceed with the Acquisition or to implement the Acquisition by way of a Takeover Offer or otherwise; (iii) the Scheme has not become effective by 11.59 p.m. on the Long Stop Date; or (iv) there is a CKA Board Recommendation Change.

dyor

[buywell3] 06/9/2019 06:15

Holders had better hope the offer is binding IMO

[chc15] 05/9/2019 15:11

Ok hopefully any counter offer happens after the divi is reinvested!

[spud] 05/9/2019 13:39

CHC - If you believe a counter offer is in the works then auto invest. There's still 10p in it less costs if not!

spud

[chc15] 05/9/2019 11:52

With the divi beiing paid on the 13th..my broker ac usually auto reinvests.. is this a good idea, or better to hold the cash..

[spud] 05/9/2019 06:28

Alpine increasing their Long Position by 650k through CFD to 2.8%. spud

[tycoonking] 04/9/2019 13:59

Anyone received their vouchers thru HL just yet?

[spud] 03/9/2019 07:40

Agreed. I'm also not prepared to accept a 10p discount to the offer price, so 2 reasons to sit pat.spud

[chc15] 03/9/2019 07:30

Well with the pound dropping even more, I'm really hoping a US Co makes a better bid here, its going too cheap..

[spud] 28/8/2019 12:09

From Shares Magazine:

Greene King’s £4.6bn bid is ‘too cheap’ say analysts
Investors should sit tight and see if a better offer comes along

Several analysts suggest the 850p per share takeover offer for pubs group Greene King (GNK) is too low. Investors already holding the stock should sit tight and await a higher offer, either from the current suitor or a counterbid. Hong Kong-based property developer and investor CK Asset is offering £4.6bn for the business including its large debt pile.

spud

[jeffian] 23/8/2019 09:37

Why wouldn't they? Failing a regulatory problem, there's no downside. It's a one-way bet!

[spud] 23/8/2019 09:32

Indeed. Their holding is steadily increasing. spud

[chc15] 23/8/2019 09:27

Alpine betting on a bidding war..

[ignoble] 22/8/2019 21:53

I enjoy a Happy Meal.!
Especially if someone else is paying

[tabs75] 22/8/2019 14:46

Haha with the number of shares i have im sure i could share my happy meal

[spud] 22/8/2019 14:46

BlackRock have today just taken their holding above 5%.

spud

[kaffee] 22/8/2019 14:22

Oooh a rich divorcee.....dinner? 😃

[tabs75] 22/8/2019 08:27

Thanks, guess i better send my divorce certificate through then and get my name changed haha!

[jeffian] 22/8/2019 08:19

Tabs75,

re #1883, no you don't need your certificate. A cheque will be sent to the name and address on the certificate (so make sure your address is up-to-date!).