Vedanta Share Discussion Threads

[mmlakhani1] 30/7/2018 20:00

I sold mine with a £300 profit... suspense was killing me...lol

[the original goldbug] 30/7/2018 19:12

I doubt it will open much changed tomorrow.

He’s obviously keen to get the deal done. Let’s hope it’s a crossing the t’s and i’s exercis.

I suspect the week delay is entirely protocol. Given the big fees involved for everyone I suspect they will be working hard in the low staffed Summer months to get a deal done.

Considering he can get his hands on a cool $2b plus from Hindustan Zinc if push came to shove, it should be a relative formality.

Still there is clearly some risk if the bankers or Agarwhal push too hard either way.

[mmlakhani1] 30/7/2018 18:44

I wouldn't expect a higher price....

[the original goldbug] 30/7/2018 18:39

I don’t know how Jonny has managed to read a higher price into this!?

As I commented a few days ago it was likely that the bankers knew he didn’t have his financing in place hence the ‘large and widening arb’ on the proposed bid.

[pawsche] 30/7/2018 17:52

It'll be interesting to see how the market reacts in the morning...

[jonnyboy1] 30/7/2018 17:50

Yes, clearly they weren't given an extension on the basis they didnt have funding in place for the offer made a month ago. That would hardly be a basis for an extension. Therefore, likeley, they have agreed a higher price in principle and now need to extend the funding in place.

[neg] 30/7/2018 17:36

Sounds like reasonable news. Extensions only granted taking into account the status of negotiations and the timetable to conclude a deal. Vedanta will have to release a statement (probably tomorrow morning) commenting on these two factors.

[sarahbudd] 30/7/2018 17:02

6th August now

[smurfy2001] 30/7/2018 17:02

Further to the announcement of the possible offer for Vedanta Resources Plc
("Vedanta Resources") by Volcan Investments Limited ("Volcan Investments") on
2 July 2018 (the "Possible Offer"), the Independent Committee of the Board of
Vedanta Resources has today, with the consent of the Panel, agreed to an
extension of the relevant deadline under Rule 2.6(c) of the Code to enable
ongoing financing discussions between Volcan Investments and its lenders in
relation to the Possible Offer to be concluded.

Accordingly, by no later than 5.00 p.m. (London time) on 6 August 2018, Volcan
Investments will be required either to announce a firm intention to make an
offer for Vedanta Resources in accordance with Rule 2.7 of the Code or to
announce that it does not intend to make an offer, in which case such
announcement will be treated as a statement to which Rule 2.8 of the Code
applies. This deadline will only be extended with the consent of the Panel.

[smurfy2001] 30/7/2018 16:46

Sterlite plant to remain shut, NGT refuses Vedanta's request for interim stay
This is the second time that the National Green Tribunal has refused to entertain Vedanta’s plea to reopen the smelter plant.

The National Green Tribunal (NGT) declined Vedanta’s request to grant interim stay on Tamil Nadu Government’s order to shut down Sterlite plant in Thoothukudi. It also declined the request to permit Sterlite to maintain the unit and posted the matter for final hearing on August 9.

hxxps://www.thenewsminute.com/article/sterlite-plant-remain-shut-ngt-refuses-vedantas-request-interim-stay-85666

[tradejunkie2] 30/7/2018 16:34

Is everyone squeezing their bottoms?

My kitty cats are puuurring.

[84stewart] 30/7/2018 16:22

Could finish 823p ? if buy out happens

[84stewart] 30/7/2018 16:13

The RNS may already have been submitted but not released till after auction finishes before 5pm

[smurfy2001] 30/7/2018 15:54

Talk about leaving it to the last minute

[sarahbudd] 30/7/2018 14:51

'In accordance with Rule 2.6(a) of the Code, Volcan must, by no later than 5.00 p.m. (London time) on 30 July 2018, either announce a firm intention to make an offer, subject to conditions or pre-conditions if relevant, for Vedanta in accordance with Rule 2.7 of the Code, or announce that it does not intend to make an offer for Vedanta, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the UK Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code.'

2 hours left...

[eriktherock] 30/7/2018 12:08

Losses, history is constantly being updated to reflect the present. Didn't you read 1984 ? Good spot btw :-)

[losses] 30/7/2018 11:15

What happened to 801 open?

[tradejunkie2] 30/7/2018 10:55

Meeeeeeeoooooooooowwwwwww

[tradejunkie2] 29/7/2018 15:02

Kitty cat kitty cat

[eriktherock] 27/7/2018 16:08

801p probably by Mon close. (783-765=18) (783+18=T801)

[84stewart] 27/7/2018 16:05

Vedanta has always set its eyes on AAs African Business with a merger which he would need the whole company to do it.

[losses] 27/7/2018 15:56

Taken 50% off the table just in case need to average down if no deal.

[eriktherock] 27/7/2018 15:46

It's a Buy, Stop 514 Limit 1053 or thereabouts