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Proposed NX takeover of Stagecoach

Started by RW, September 21, 2021, 09:03:54 AM

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winston

Quote from: Sandy Lane on May 07, 2022, 06:12:11 PMIt's all gone v quiet.
As of the 4th May, the DWS recommended cash offer, had only got 30.02%, 16.99% of those votes were what DWS had purchased off Threadneedle Assett Management. Normally DWS would need 75% of acceptances to compulsory purchase the remainder, somehow DWS have got this lowered to 50% + 1 share

https://otp.tools.investis.com/clients/uk/stagecoach/rns/regulatory-story.aspx?cid=273&newsid=1579598

Sandy Lane


winston

As of 3pm yesterday, DWS still only have acceptances for 30.26% which includes 16.99% stake they acquired.
https://otp.tools.investis.com/clients/uk/stagecoach/rns/regulatory-story.aspx?cid=273&newsid=1581970

There's only 11 days to run until 1pm 21st May.

midlandred2003

Is it known what percentage NX have?

Tony

QuoteIs it known what percentage NX have?
Nil

winston

NX has confirmed they will not be upping their offer for Stagecoach:

https://www.thisismoney.co.uk/money/markets/article-10820749/National-Express-refuses-budge-Stagecoach-takeover-offer.html

Whilst DWS still only have 30.36% acceptances of the 50% needed. 

winston

DWS have won the battle for Stagecoach, their offer has now gone unconditional, NX's takeover offer has now lapsed:

https://otp.investis.com/generic/regulatory-story.aspx?cid=273&newsid=1586235

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