Ted Baker Share Discussion Threads

[toffeeman] 28/3/2022 06:47

See 2467 - not bad so far!

[bothdavis] 28/3/2022 06:39

See Ted Baker on Brand Alley.....60% off. And a man's top is still £40!

[w1ndjammer] 28/3/2022 06:27

looks like Sycamore are a bunch of Chancers.........

WJ.

[3ootuk] 28/3/2022 06:08

"... 18 March 2022, Sycamore made a proposal (the "First Proposal") under which Sycamore would offer 130 pence for each Ted Baker share. Following the Ted Baker Board's rejection of the First Proposal, on 22 March 2022 Sycamore submitted a revised proposal (the "Second Proposal") under which Sycamore would offer 137.5 pence for each Ted Baker share, an increase of 5.8% on the First Proposal. The Board of Ted Baker has also rejected the Second Proposal..."

I cant see Sycamore massively upping the offer.
Tosca don't need to go hostile.

[john09] 27/3/2022 18:54

That price is a nonsense

Wonder if another will bid tomorrow now the only known bidder is showing his hand

This is not going for a measly £250m it’s a global brand

[davwal] 27/3/2022 18:37

Well they won't get it for that! It's a start...

[napoleon 14th] 27/3/2022 17:37

Mark Klienman Sky
Exclusive: Sycamore Partners, the US buyout firm, has lodged a 130p-a-share bid for Ted Baker, the London-listed fashion chain, valuing it at about £250m.

hxxps://ww.fashionnetwork.com/news/Sycamore-makes-250m-bid-for-ted-baker-report,1391426.html

[qsmeily456] 27/3/2022 15:31

Jonny 🐃💩 no mates wrong again 🤣

[john09] 25/3/2022 22:29

Russia's army says the first phase of its military campaign in Ukraine is over
It will now focus its efforts on the eastern Donbas region, it says, which contains two pro-Russian breakaway republics
Western officials believe the announcement implies that Moscow knows its pre-war strategy has failed

[careful] 24/3/2022 15:06

interesting tactics.
They could take this out with a low bid if they own 28%.

maybe 150p?

[w1ndjammer] 24/3/2022 09:26

Tosca increasing again 129p

guess they will hold steady when they reach 28%


WJ.

[john09] 23/3/2022 11:19

She’s gonna blow

[peteret] 22/3/2022 23:35

Yeah if they are buying at 133 they must expect a lot higher

[scemer] 22/3/2022 11:40

Cannot see tosca letting this go cheap why would they have so many let alone kelvin giving his away

[w1ndjammer] 22/3/2022 11:02

Tosca buying up to 133p now got 27.8%

looks like they are leaving nothing to chance.........

WJ.

[1nf3rn0] 22/3/2022 10:26

Tosca added a fraction of a % more it seems

[babbler] 22/3/2022 08:17

180 will be minimum required imo.But as you say wtfdik.

[john09] 22/3/2022 08:11

Nice start again

[toffeeman] 22/3/2022 08:07

My guess is - bid at 135 as a sighter and then an increase to 150 (twice the last raise). Tosca will ask for convertible loan notes for their stake so when it's re-floated they will make their profits.

Tosca bought a few more yesterday

bwtfdik

[mcmather] 22/3/2022 08:06

Just the headline; the article is behind a paywall.

"17 hours ago — Kirkland & Ellis and Freshfields Bruckhaus Deringer are advising on a potential offer from New York-based Sycamore Partners for Ted Baker"

[babbler] 22/3/2022 07:51

or. maybe it's a bid at £1.80. Oh wait... you didn't want to hear that being short.

[onjohn] 21/3/2022 16:58

Maybe its a ploy to get a rights issue away
if bid fails looking at 78p

[aringadingding] 21/3/2022 16:45

There would be no point Sycamore approaching the board unless they had already agreed pricing with Toscafund, and probably Schroders also (who have got 12.6% I learn from an RNS today).

The negotiation is very straightforward. Toscafund have the 'walk away' option as a result of their blocking stake, and simply have to decide whether to sell or hold. How long should we expect such wrangling-over-price to go on for? Couple of weeks I guess.

My guess is they wouldn't sell for 160p. 200p maybe. Anywhere in between I'm not sure. This is speculation with probably a fair amount of psychological price-anchoring thrown in.

I don't really have a problem with holding these shares for 5 years but I can see the appeal to private equity of rapid international expansion on the platform that is already there. If the associated capex is to be funded by debt, and they are prepared to arrange all that, and pay a reasonable price for a controlling and take-private stake in the company today, then fair play to them really and I'd be happy to sell out also. Having more debt in this co as a public company does not seem wise at this point.

[onjohn] 21/3/2022 10:44

JOUL and SDRY take off