We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Superscape | LSE:SPS | London | Ordinary Share | GB0008636127 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.90 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
27/2/2008 16:54 | TBH I take you never had any feedback from journalists? Do you know if anyone decided to at least have a crack at taking on SPS management via regulatory authorities? Cheers | srsm | |
27/2/2008 16:46 | fat lady is not singing yet | the bounty hunter | |
27/2/2008 16:16 | If it was in the bag, they wouldn't be buying on the open market would they? | gmb | |
27/2/2008 16:11 | You can tell by the amount of post's that the game is all but over. Verysad. | kfp | |
27/2/2008 11:41 | abc - why are GLU buying in the open market ? as it was thought that KBC were getting them for GLU ?. I have a feeling (hope) that someone is banking shares at 10p and will offer 12.5p for the remainder of them to get all the irrevocables GLU had. | paul mason | |
27/2/2008 11:34 | pm...I can't see Arm buying sps...why give the irrevocables in the first place? | abc125 | |
27/2/2008 11:25 | abc - are KBC adding on behalf of ARM ?? If they had control of 3D content as well, ARM would be a one stop shop for handset folks. | paul mason | |
27/2/2008 11:08 | A couple of things I don't understand. 1) On Feb 25, Glu Mobile said it had valid acceptances for 74 pct of Superscape's shares, including the valid acceptances already received for 65.55 pct of Superscape and the pending valid acceptances from ARM Holdings PLC over its 8.07 pct stake, plus acceptances from shareholders which are not yet valid. Q. What is a valid acceptance? 2) ARM have irrevokably committed their shares to GLU unless a higher offer comes in. That is a legal position. I don't see that they have to deliver their shares until GLU agrees to buy them, i.e. the offer becomes unconditional. Don't all the shares that are held in nominee accounts and that have accepted the offer stay where they are, blocked so they can't be sold, but still with the keeper of the nominee account, until the offer is declared unconditional and the shares are called for. So ARM have committed their shares. They, or somebody else, could still bid for the company, and these shares, and many of the others that have been committed, are freed up. HoT | helen troy | |
27/2/2008 10:38 | Something will indeed be up if ARM has not tendered by Friday's close. Hard to guess their agenda, mind. DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS (Rules 8.1(a) and (b)(i) of the Takeover Code) 1. KEY INFORMATION Name of person dealing (Note 1) Glu Mobile Inc. Company dealt in Superscape Group plc Class of relevant security to which the dealings being Ordinary shares disclosed relate (Note 2) Date of dealing 26 February 2008 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) Long Short Number (%) Number (%) (1) Relevant securities 4,165,212 2.27% (2) Derivatives (other than options) (3) Options and agreements to purchase/ sell Total 4,165,212 2.27% (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/ sell Total (c) Rights to subscribe (Note 3) Class of relevant security: Details - - 3. DEALINGS (Note 4) (a) Purchases and sales Purchase/sale Number of securities Price per unit (Note 5) Purchase 4,165,212 10p | edmondj | |
27/2/2008 10:29 | I think GLU are buying in the open market because ARM will not give them their shares. Also explains why Ballard asked his Financial brokers to talk to TBH. | paul mason | |
27/2/2008 10:09 | If ARM are in such a commanding position, surely they will want more than 10p per share | gmb | |
27/2/2008 09:50 | abc125 - totally agree and with the recent mopping up in the market all it will take is ARM's shares to get Glu over 75%, so as soon as ARM kowtow, its party over. | hamsterwheel | |
27/2/2008 09:43 | I agree HamsterWheel, 75% and the company is theirs. But my point is, with 75% of offers to sell, they don't have the company until they irrevocably agree to buy those shares, i.e. declare the offer unconditional. They cannot delist the company unless they control 75% of the shares, and I don't think an offer to sell has handed control of the shares over to GLU. Not unless they agree to buy them, and no agreement is in place yet. HoT | helen troy | |
27/2/2008 09:17 | Glu will only go unconditional when Arm deliver their shares....not until then imo. | abc125 | |
27/2/2008 08:32 | Heklen - don't matter what they say about 90%, at 75% the company is theirs. | hamsterwheel | |
27/2/2008 07:29 | No update yet on level of acceptances from Glu | the bounty hunter | |
27/2/2008 07:24 | Hamsterwheel, at 75% they do not actually own any shares. Just acceptances of their offer. They have to pay for the shares before they own them., or commit to pay for them by declaring the offer unconditional. At the moment, they don't have to commit to pay for the shares unless 90% agree to their offer. Unless there is something in the acceptance of offer document that states you are passing your voting rights to them before getting paid, and I am not aware of that statement. HoT | helen troy | |
26/2/2008 16:47 | Ed, they pay out UNCONDITIONALLY at 75% and de-list the company. At 90%, they take your shares off you even if you don't want them too. | hamsterwheel | |
26/2/2008 16:44 | Sure, but the 'wholly unconditional' level (that would involve getting money back in 3 weeks POSSIBLY) is still 90%. I am simply wary of getting tied up for however long it would take Glu to resolve the situation and pay up, say with 80%. When you could retain flexibility to trade. | edmondj | |
26/2/2008 16:38 | Ed - 75% is the level at which you can do virtually what you want with a company, including delisting it and passing any sort of resolution. Apart from the laws concerning fraud on the minority, anyone left in is stuffed and is best off accepting the offer. | hamsterwheel | |
26/2/2008 16:33 | I don't think my own broker would let me trade once I accept. All sorts of opportunities could arise over the next 6 weeks, if an EGM is involved. | edmondj | |
26/2/2008 16:33 | EJ _ I am sure can notify whoever that you will accept the offer and then in a day or 2, if you want to sell them in the mkt, you can. | paul mason | |
26/2/2008 16:31 | Why 75%? We have not been told, this is the level at which Glu might declare the bid unconditional, and it would need the 90% level to de-list. Although I do not entertain hopes of a higher offer or SPS not ending up within Glu, I am wary of accepting - only to get stuck in a 6-8 week EGM process before we would likely get cash. Meantime, you should still be able to sell in the market if you want to switch elsewhere. That is my assumption. | edmondj | |
26/2/2008 16:26 | Looks like they have the extra 1% they needed so now they can make ARM give up their shares or ARM will have to make an offer. Simple as that if you ask me. | paul mason |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions