Invensys Share Discussion Threads

[rumpelstiltskin2] 06/8/2013 14:10

i think i have that wrong. i think the offer document publication date is when the prospectus is sent to shareholders - aug/sep, see presentation page 31, indicative timeline . in which case would be 21 days after that. that would give a rival bidder some two months to act. can any takeover code experts verify this?

[rumpelstiltskin2] 06/8/2013 13:16

not sure. my guess is a rival bidder would have to show up before the first closing date, which doesn't appear to have been specified yet, but I think has to be at least 21 days from when the offer document is published. i guess that is August 21.

any expert on the UK takeover code out there ?

[bakero] 06/8/2013 12:47

Rumpel,By when would you expect any alternate offer to be made?

[rumpelstiltskin2] 06/8/2013 12:17

cash flow good and a $300 million disposal

[bakero] 06/8/2013 12:03

Nothing in the results

[rumpelstiltskin2] 06/8/2013 09:55

might not be any mention in results, but there is a investor conference call and webcast at 7pm UK time. they will surely get asked about it

[bakero] 06/8/2013 09:23

When will Emerson results be, around 1pm (UK time) ?Fingers crossed for something there

[tom111] 05/8/2013 18:45

why on earth should anyone reduce,cannot see any logic in that.

[rumpelstiltskin2] 05/8/2013 18:37

lol anything to get some more commissions eh?

[major clanger] 05/8/2013 17:38

Broker rec...

Charles Stanley downgraded to reduce from hold after Schneider confirmed terms to buy ISYS.

Brief piece here peeps:

hxxp://www.brokerforecasts.com/news/article/articleId/4645430

[rumpelstiltskin2] 04/8/2013 18:29

Dont count your chickens! I see Emerson have their Q3 results on Tuesday. Its going to be interesting to see if they have anything to say about this. Are they really going to let Schneider snap up Invensys on the cheap? Schneider will pick up a DCS and safety system installed base of £12 billion, so suddenly the competitive environment looks a lot more challenging!

[bakero] 04/8/2013 18:05

I'm on option 2SU shares can be held in an ISA

[tom111] 04/8/2013 18:01

There is a currency risk Lancasterbomber,but the Euro does however seem strong again the pound.In the meantime I go along with number 2 option,nothing to lose really

[lancasterbomber] 04/8/2013 17:54

Trying to decide what to about with these shares there appear to be 3 options

1. Sell now at what is the offer price

2. Wait to see if there is a better offer

3. Accept the offer, however does anyone know if shares in the French company can be held in a an ISA? There is the possibility of course, that the value of the French companies share might increase in the meantime.

Are most people going with Option 2 at the moment?

[rumpelstiltskin2] 02/8/2013 10:38

wonder if the Sunday Times will be back with some new speculation this weekend? how about Honeywell? its shares are up 50% over the last 12 months and trading at record highs. it could use its shares as currency

[rumpelstiltskin2] 01/8/2013 16:30

Schneider shares are up 4.5% everyone loves them because they know they will make billions out of this deal !

[tom111] 01/8/2013 16:12

Yes I had noticed that badwood I guess it might be tempting to go for the shares in Schneider if there is no other bid,thanks

[bakero] 01/8/2013 16:00

yes, offer price is now 5.106 rather than 5.02 (due to rise is SU)

[badwood] 01/8/2013 15:58

Tom

I think Invensys share price has climbed above offer price because Schneider shares have increased in value since Tuesday. Tabled offer based on Schneider share price of 58 euros, now its nearing 62 euros.

[tom111] 01/8/2013 14:53

Over the offer price now,looks as if they are anticipating another bid

[rumpelstiltskin2] 01/8/2013 14:50

I see they are calling it a £2.4 billion purchase, after taking account of the tax benefits

[rumpelstiltskin2] 01/8/2013 12:06

I agree. imo Schneider could easily double the value of the £2.8 billion purchase. key is the installed base of £12 billion

[donkeystone] 01/8/2013 11:57

In all the flurry of RNS' has anyone been keeping track of the total % those banks/institutions hold formally announcing they are holding for Schneider? Whilst no one else has come forward with a bid (and they may not) it doesn't quite feel as though Schneider have delivered the coup de grace.
ttfn

[donkeystone] 01/8/2013 07:15

hobby
........Enigmaticson??
ttfn