Sirius Minerals Takeover Rumours (SXX)

Sirius Minerals boss pocketed £1.3m after agreeing takeover that cost many shareholders their life savings 23:07, 1 August 2020 https://tinyurl.com/y4l52l4n

The final insult to the many shareholders who have lost money here JP Morgan,Shore Capital,and Liberum will make millions in fees as advisors to the Anglo American takeover of Sirius Minerals.

https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-live-result-takeover-17851626

https://www.yorkshirecoastradio.com/news/local-news/3055860/sirius-minerals-takeover-approved-by-shareholders/

(Sharecast News) - Sirius Minerals said on Tuesday that its shareholders have voted in favour of Anglo American's ?405m takeover, safeguarding its North Yorkshire polyhalite project. Sirius chairman Russell Scrimshaw said: "The positive outcome from today's meeting secures a return for shareholders and provides greater certainty in terms of safeguarding the project, protection the jobs of our employees and allowing the community, region and the UK to continue to benefit from the project." Anglo agreed in January to buy Sirius for 5.5p a share. Sirius has since urged its shareholders to accept the deal, arguing that without it, the company could be placed into administration.

Confirmed, game on AAL takeover is go.

Breaking: Sirius Minerals confirms its shareholders have accepted a £405 million takeover by Anglo American, saving the company's North Yorkshire fertiliser mining project.

If a takeover SXX staff have their current employment contracts. If administration, the old company ceases to exist, and a 'new co' is created.

The offer has also attracted criticism from one of Sirius’ largest shareholders, hedge fund Odey Asset Management, which last week said the bid “does not represent fair value for shareholdersâ€￾ and reckons Anglo “would be willing to bid substantially moreâ€￾. With Odey having increased its stake in Sirius to 1.51% and another band of private investors looking to raise £460mln in a bid to stop Anglo’s takeover, the outcome of the vote will likely rest in the hands of the company’s 85,000 retailer shareholders, many of whom live close to the project site in Yorkshire.

What seems to have been missed by all on here is the following. 1 Applying the Dee Valley water case the court will not block a deal if a majority of holders by number vote against but not the majority by shares. Its one share per vote not one man one vote. 2 AA can swap to an offer (its in the document which none of you have bothered to read) which requires only 50% + one share to go through. They can then buy in the market. You can remain a minority holder if you wish which is why a scheme is a cleaner way of executing the takeover. 3 If you stay a minority holder AA can compulsory buy you out when the get to 90% 4 If they end up between 50% an 89% then expect a thumping deeply discounted dilutive rights issue, you will then have to put up or be heavily diluted 5 Odey for all the noise he has made has only bought a tiny position, he can’t vote it all as some of it is on CFD.

"Are you talking about the takeover leak, you know the day you bought shares." I bought shares because after a few months stuck at circa 3.5p, it started to rise and went to 3.8p. For me that was a signal that something may have leaked out, so I bought. Easy as that. Sometimes monitoring a share price closely can pay rewards.

Are you talking about the takeover leak, you know the day you bought shares.

Sirius launched a probe into the takeover leak. Have they found it yet?

I asked Barclays, why they are not informing Sirius shareholders of the vote. Barclays replied that the BOD have approved the takeover, so there’s no point. And went on to say the takeover was announced at the AGM. I have requested this in writing so that I can publish it.

My broker never even contacted me about my holding or the takeover protocol..no information posted either, this seems very strange and very suspicious... I would recommend you contact your broker if you are wishing to vote other than the automatic position, if its not to late already, I voted last week...

Sirius Minerals bidder Anglo American upgraded by Barclays Capital The investment banking arm of the high street lender has moved to ‘overweight’ on the stock in the group, raising its price target 40% to £28 a share in the process Anglo American is in the midst of a messy £404mln takeover of punters’ favourite Sirius Minerals, which ran into funding problems last year. The bid, which had been expected to go through on the nod, is now the focus of interest from Odey Asset Management, which reckons Anglo has the scope to increase its bid by 40% to 7p a share. Odey, and other dissident investors, could block the deal. https://www.proactiveinvestors.co.uk/companies/news/913639/sirius-minerals-bidder-anglo-american-upgraded-by-barclays-capital-913639.html

Nominee account holder getting shafted... hTtps://www.dailymail.co.uk/money/markets/article-8039237/Small-investors-blocked-voting-Sirius-takeover-offer.html

"Anglo American considered offering Sirius Minerals investors shares in Anglo itself as part of its takeover bid, the MoS can reveal." Well, the penny share buyers were never going to go for a stock price of circa £20. One pilgrim suggested that any bid should be at least what everyone paid for their shares, he stated that he paid 30p. These pilgrims seem to forget that before the AAL bid they were weeks away from liquidation.

Mail on Sunday: Anglo American considered offering Sirius Minerals investors shares in Anglo itself as part of its takeover bid, the MoS can reveal.

maybe he sees an easy 6% gain from today til takeover day.

EXCLUSIVE: #SXX #AAL MP urges investors to back Sirius Minerals' takeover HTTP://twitter.com/stocktracker7/status/1229283282254270464

The Times: Small investors are still planning to block Anglo American’s £405 million takeover of Sirius Minerals

Sirius Minerals shareholders seek last-ditch deal to stop takeover PUBLISHED: 21:51, 13 February 2020 HTTP://twitter.com/shares_aim/status/1228201760398790657

#SXX #AAL Date set for Sirius/Anglo takeover vote HTTP://twitter.com/TradingStockAIM/status/1225757823688204288

Https://www.sharesmagazine.co.uk/article/should-you-reinvest-sirius-minerals-takeover-cash-in-anglo-american-shares