Settlement is on 16 June.
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It is unlikely anything will happen today with takeovers (hope i am wrong)...I think the earliest there will be an offer is August...
If IFT and Brookfield are about to buy Sky I think it would happen soon.
By the way, the $300M raised by IFT would equate to half of the $600M I mentioned earlier. IFT have capacity to go up to half a billion post CR...so in theory they could participate in a purchase up to $1B.
No way in hell would they pay that just for Sky TV, but I am just saying they have capacity for a strong starting bid and could even push a bit higher if other interested parties also came in and started bidding.
Nope, didn't buy anything (it was payday too!).
No SKT announcement yet but IFT in trading halt pending announcement! https://www.nzx.com/announcements/354419 Is this the start? Or is that standard after a capital raise announcement?
Guys ....don’t forget Infratil have another $180m cash coming from Tilt next month
Jeez. ..they got heaps to play with
We don't know the timeline. My initial post was before the end of the year. If it doesn't happen before the end of the year then it will never happen. Best time to buy would be August after the results are announced for end of June. I stand by my offer price being between 49-54cents. It is an evolving story though, so it might change down the track. That is how things stand now.
Back in the days when Brierley was buying everything up that came into consideration .....but the joke around town was that Odlins would avoid the takeover ‘because they were so useless, nobody would buy them’
Ironically the NZX is now based in the old (refurbished) Odlins building.
166 buyers for SKY at 19.6 cents wanting 200,000. Thats an average order size of $240. Wonder who that may be.