Originally Posted by
CJ
Pretty early in the moring but I would have though shares sold would be 39%/62.5% so just under 2/3 of shares.
Still dont understand why it went up. Say the deal goes ahead - There is now a new large "minority" holder which means there is no take over premium for the rest of your shares. Any shares bought now dont get the 3.65. So are they saying the company is worth 2.5 per share now (when two days ago when there was potential to get 3.65 for 2/3 of your shares, it was only worth 2.2)