Ted Baker Share Discussion Threads

[aringadingding] 17/8/2022 09:59

Niklol, the deal requires approval from 75% of shareholders. It says this in appendix 2 of recent rns. Approximately 50% of shareholders have already given it approval (they are listed in appendix 4 of rns). This means that a ballot of shareholders such as you and me will go ahead and half of the remaining 50% need to say yes to get to 75% total.

I think it's unusual for a deal that is recommended by the board to be rejected by shareholders but as others have said, this is a pretty terrible price for shareholders. I don't really understand why the board is recommending it.

So the outcomes are:

1) Deal is approved by shareholders and we all just get 110p per share
2) Deal is rejected by shareholders - share price can then go up or down
3) Another bidder comes in with a higher offer. I guess this would be required to be received before the board resolution that approves the result of a shareholder vote. So about a month from now I would guess.
4) Sell now.

[neo26] 16/8/2022 23:49

So lesser offer.. lol

[blackhorse23] 16/8/2022 23:46

CURY (LSE) one of Best Buy stocks in Europe https://www.gurufocus.com/news/1849001/currys-plc-a-diamond-in-the-rough

[buoycat] 16/8/2022 22:47

If the deal is voted through by a majority of shareholders you effectively get 110p per share, like a compulsory purchase. Private investors have very little say I'm afraid. The company is then taken private. If the turnaround is successful over the next few years the private equity company may well refloat the business at a much higher valuation.

[niklol] 16/8/2022 20:10

Further to my previos message, i have just read that if this deal goes through then Ted Baker shares will not be listed on the Ftse anymore

[niklol] 16/8/2022 19:06

Please excuse my ignorance.
If this offer is accepted,or any other, is the share price then expected to drop or stay the same or go higher???
I have had no experience of a share being tajen over i just wish I had sold at 156.
Thank you

[queenbreguet] 16/8/2022 13:16

At this price a new bidder will have to show their hand shortly ??????

[blackhorse23] 16/8/2022 13:14

In which movie? Lol

[peteret] 16/8/2022 13:02

In Staines yesterday huge curry store all shut and boarded up not a good sign black horse.

[blackhorse23] 16/8/2022 12:47

Overvalued & over rated stocks .. switching to CURY (LSE) which has huge revenue growth of 10.1 billion

[amaretto1] 16/8/2022 12:42

He's totally right ....The UK is in a seriously bad position!

[dealy] 16/8/2022 10:15

Steady on. It's not Turkey or Nigeria

[porsche1945] 16/8/2022 09:58

From 26 quid 4 years ago to being sold for a quid now, U.K. is uninvestable, this tanking of U.K. domestic shares and sterling started after brexit and just gained momentum, outlook for the U.K. is utterly fxcked, tories over ten years have been a wrecking ball. Buy US shares and also have usd protection as sterling looking terminal ( and its so weak it’s sucking in a ton of extra inflation….all fuel priced in usd )

[dealy] 16/8/2022 08:58

The price reflects the horrendous outlook for the UK consumer. There is still a chance of a better offer coming in from somebody else

[dealy] 16/8/2022 08:53

where does it say an investor has the right to get back what he paid?

[aringadingding] 16/8/2022 08:36

Appendix 4 of the rns states Tosca, Ray Kelvin, Schroders have committed to approve the scheme, but the shareholders stated there only add up to circa 50%. They need 75% as appendix 2 confirms.

[csmwssk12hu] 16/8/2022 08:27

Not in here but Stolen is the word

[zxie] 16/8/2022 08:23

INSP shares jump soon

[toffeeman] 16/8/2022 08:23

The Rottweiler's average is way above this offer price. So for it to procees the bidder must be offering a sweet deal which of course is unavailable to us. Not good.

[queenbreguet] 16/8/2022 07:59

100k just gone through at 108p

[kibes] 16/8/2022 07:42

110p is too cheap. Perhaps there will be a counter offer.

[tomboyb] 16/8/2022 07:35

It is recommended -

RNS out -

[dealy] 15/8/2022 22:26

I'm not even sure that will get recommended by the board