Metro Bank Takeover Rumours (MTRO)

Metro bank looking cheap...... "Coventry Building Society has agreed a potential takeover of The Co-operative Bank in a deal worth up to £780m. The building society confirmed that it had reached an agreement on the key commercial terms with the bank’s owners. The acquisition, which would see the building society take on the bank’s three million customers, would make it the UK’s seventh largest lender with assets of around £89bn.

55% shareholderReturned here for a ride to takeover or profits As I awaited the results and dust to settle .Blended target 72p

85p Takeover Target Price for me ... Major shareholder to take it private?

I don't think there is anything to stop Glinski buying more shares because the mandatory takeover clause was removed at the last placing

Likely takeover bid will come at this dip

Situation has changed here to bullish, made 1st profit since 2018, enough funding, good boards & management, high interest, excellent growth forecast & likely takeover offer for this British bank

Sitting duck for a takeover at these levels. Need to get back over a pound quickly which looks nailed on regardless

Ffs, hopefully a takeover at 60p tomorrow. Getting a bit impatient tbf

https://www.proactiveinvestors.co.uk/companies/news/1042744/osb-and-metro-bank-in-spotlight-after-virgin-takeover-1042744.html

Metro Bank in spotlight after Virgin takeover.Bank also . A small £11 million profit is expected in 2023 when it updates on Wednesday,

https://www.proactiveinvestors.co.uk/companies/news/1042744/osb-and-metro-bank-in-spotlight-after-virgin-takeover-1042744.html

My suggestion of this hitting 8p was way off the mark As I stated days ago, now that it is a prime candidate for a takeover by a major praying to have everything attached to metro bank, attached to them ... Fill boots

you are worried about a 64p takeover but caution against anyone buying shares st 34p.

Or even better, a heroic headline "FCA allows Metro Bank takeover as long as a premium is paid to investors " (4p on top of 2p )

Not wanting to upset you all but this will be delisted soon via some format. A takeover for 1p would help bury a few audit issues though

Gilinksi can effectively accept or block a takeover having majority control. Given that he could earn 6% risk free keeping the £102m in the bank I don't think he would settle for anything less than 3 to 4 times current share price especially as he is under no pressure to do so. Shawbrook offer if I remember Sky News reporting was somewhere in the region of 150p to 200p. Why should Gilinski buy shares and take the bank private he would be facing all the risk and there is a conflict of interest if he bidded and approved the bid for a takeover as minority shareholder protection kicks in..Better to press ahead to grow the bank, keep it listed, and sell on to a much larger rival bank in 2 to 3 years time..Easier to value if still listed prompting more buyer interest than trying to make a private sale in future.

Does anyone know the rules on how many % of shareholders have to vote in favour of a takeover, is it 75%. With Jaime Gilinski Bacal now owning 53% he is in a strong place to take the company over, especially if he starts buying shares on the open market (which would of course he would need to report).

Most certainly high interest rates and rising net interest margins wonder who Metro Bank are targeting for a takeover...maybe Shawbrook Bank themselves lol..

Won't get it for that I'm afraid. Rumour has it, they rejected a 51.2p takeover bid by Carlyle

The key thing in the deal, would be how to make if it goes bust or SP crashes I doubt they were planning a takeover of the banking industry in the meeting

Takeover?!😂 Bulls better hope not. Banks with 100s billions in assets were only worth a quid buy out. That is, a quid for the whole lot