If you do nothing and they get to 90% they take you out anyway if you accept you get the enjoy the BGR ride with the benefit of them part or fully owing KMD seems like a good plan givens BGRs record.
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If you do nothing and they get to 90% they take you out anyway if you accept you get the enjoy the BGR ride with the benefit of them part or fully owing KMD seems like a good plan givens BGRs record.
I wonder if the silence on this takeover is because of behind the scenes negotiations on price/terms? BGR will have known what they were prepared to pay, but maybe remaining big holders are saying no, Goldman Sachs in particular. Looks like BGR have 14-30 days to send takeover ie. 16 Jul to 1 Aug.
KMD also yet to have independent advisor appointed and approved by Takeovers Panel. Perhaps discussing whether or not Goldman Sachs is independent.
http://www.takeovers.govt.nz/assets/...t-linked2a.pdf
Relax everybody. Tuesday's AFR says the bidder's statement will be released "within a week".
Meanwhile, I might buy a few. Big fan of BGR and Rod Duke and have never quite shaken off the - often profitable - habit of buying into a takeover!
The takeover forms have been sent out.
https://www.nzx.com/companies/KMD/announcements/267426
Expecting some guidance from KMD board next week?
KMD board have only said this so far.
Would be a huge waste of paper if no one accepts the offer!!!Quote:
At this stage, shareholders are advised to take no action in response to the proposed Offer.
If it succeeds you get to enjoy the kmd ride anyway
Hey this is possibly a newbie question but does anyone know the implications of the takeover offer on shares held by the passive investors (Smartshares etc). As they are just tracking the index do they just have to abstain?
Received the offer today... quite tempting really. But I think will sit on it for a little while as it does not close till 17 Sept 2015.