Mcbride Takeover Rumours (MCB)

https://news.sky.com/story/amp/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842

"The offer was 170 per cent higher than Hotel Chocolat’s closing price on Wednesday – making it the largest takeover premium paid on the London stock market in 25 years. Shares soared 161.15 per cent or 224p to 364p." https://www.thisismoney.co.uk/money/markets/article-12758903/Hotel-Chocolat-founders-scoop-280m-534m-Mars-takeover.html I believe the original quote of "25 years" came from Bloomberg but the link I have is behind a paywall. https://news.bloomberglaw.com/mergers-and-acquisitions/mars-offers-to-buy-britains-hotel-chocolat-for-534-million Either way, it was an unusually high premium.

25 years. I think you're wrong. I vaguely recollect companies accepting takeover over offers with bigger premiums on the day. And I doubt Teleios would accept 50% premium on top of todays price.

I would accept a takeover premium similar to that Mars paid for Hotel Chocolat, even though that would leave some upside for the buyer. But the Hotel Chocolat offer was exceptional. I believe the highest on the London Stock Market in 25 years. A 50% premium tomorrow would be very disappointing. There is no reason to talk about takeovers. MCB appears to be making record profits currently and the share price still has a long way to go IMO.

darrin did you see the rise investors in Hotel Chocolat woke up to find one morning when the takeover was announced?

The value in MCB is in the current trading and the next 2 years. I would be very disappointed in any takeover premium at the current share price.

Teleios bought in at significantly higher price than it is today. They will be looking to exit via a takeover.