Takeover Panel

381 days ago

Wood Group – Apollo slightly increases possible offer, stating this its “Final Proposal”

Writing on Wood Group (WG.) last month we noted a Takeover Panel extension until 5pm on 19^th April including the group stating “following engagement with shareholders” suggested to us that the major shareholders are open to a deal. Now a ‘Final Proposal’ announcement from private equity bidder Apollo and a response from Wood Group.

1072 days ago

Eurasia: surely now a risk-reward sell after the end of a Formal Sale Process?

Finally it seems that the Takeover Panel said that enough was enough and after a Formal Sale Process which had entered the record books as the longest ever, in an after hours RNS last week, Eurasia Mining (EUA) claimed that it had decided to end the FSP. But the corporate excitement may or may not be over…

1342 days ago

Letter to AIM Regulation and the FCA regarding Marc Boyan and Reach4Entertainment

In yesterday’s bearcast I explained why suggestions that Reach4Entertainment (R4E) CEO Marc Boyan was considering merging Reach with his private company Miroma should be investigated by the authorities.  Upon reflection the scandal is potentially even larger than I thought. Notwithstanding the fact that two guests at my wedding (Messrs Wray & Yeoman) of which I shall be celebrating the 7th anniversary this coming weekend, are intimately involved with Reach and will be very pissed off with what I am doing, I have now written to the Oxymorons and the Chocolate Teapots and asked them to consider involving the Takeover Panel. The letter follows.

1660 days ago

Rangers boss Dave King slammed by Takeover Panel for numerous rule breaches - 4 year cold shoulder imposed

FCA regulated institutions will still be able to deal with Rangers FC, should they want to associate themselves with the financially toxic soccer club, but as of today they can have no dealings at all with its chairman Dave King. The cold shoulder ruling was imposed by the Takeover Panel today.

1815 days ago

Gotcha? So how much of Management Resource Solutions does John Zorbas and concert party control?

Today at 2PM, Management Resource Solutions (MRS) hosts a teach in for analysts and investors at the offices of its PR firm FTI Consulting. Anyone attending might care to ask if the Takeover Panel has been in touch.

2246 days ago

Explosive letter sent to AIM Regulation re Andalas c/o Winnileaks - is it bust yet & what about the takeover panel?

Thanks to our Winnileaks service we can bring you a letter sent to AIM Regulation this week regarding Andalas Energy (ADL) the AIM listed POS which is almost certainly insolvent. The letter is detailed and is below:

2602 days ago

Rule Breaker Dave King spouts 100% bullshit after being told he must make £14 million Rangers bid

Earlier today the Takeover Panel slammed the dodgy antics of Dave King on numerous counts and ordered him to launch a 20p per share, £14 million, bid for the 85% of Rangers (RFC) shares he does not own. King has responded with a statement of complete and utter horseshit showing that he holds the law of the UK in contempt. King has issued a statement via Rangers which it is worth dissecting for the half truths and bollocks it contains. The statement follows with my comments in bold.

2602 days ago

Dave King on the hook for £14m - forced to bid 20p for Rangers FC and caned by Takeover Panel

The Takeover Panel has today slammed Rangers (RFC) supremo David King for breaching the UK Takeover Code as well as being a prize arse in not co-operating, indeed appearing to obstruct, its enquiry. The upshot is that he has now been told that he must launch a 20p per share offer for the 85.43% of Rangers he does not own by April 12. That will cost him up to £14 million if everyone accepts.

2663 days ago

City Grandee Bob Morton gets most serious "cold shoulder" sanction in history of Takeover Panel - branded a liar

In a ruling handed out on December 21 but published today the Takeover Panel has handed out the most severe sentence in its history to City grandee and veteran financier Bob Morton and also branded him a liar for the way he tried to cover up his actions.

2794 days ago

Red24 - bid now worth 26.3p - good news on this quick win share tip

Having previously announced that it was “engaged in discussions” following a 24p per share possible offer,  Red24 (REDT) has now further updated as an initial Takeover Panel deadline came into play. the shares are now 24p mid which is not bad as we tipped it just about six weeks ago at a 19.75p offer.

2946 days ago

Worthington is just misleading the Takeover Panel re Nuna - when will this farce end?

Heck. Everyone does the April Fool's thing don't they? And so the fraud that is Worthington (WRN) put out an RNS which we are meant to think is serious but is in fact a joke. Or in this case The Takeover Panel and LSE appear to think that it is serious but everyone else knows that it is just a joke, like spaghetti trees in Italy or Chelsea fans pretending they have always "supported the blues" from before they were good.

3000 days ago

InternetQ bogus trading statement hides behind Takeover Panel Rules

InternetQ (INTQ) the dodgy Greek outfit exposed repeatedly HERE for all sorts of nonsense has published a totally meaningless trading statement. It hides behind the fact that the Chief Bubble is considering an MBO if he can persuade fund manager Tosca to back him.

3267 days ago

Worthington - Well I never: Meet the Biology Teacher/ladybird expert turned ace investor

While Worthington (WRN), pro tem, remains a UK listed stock, the Takeover Panel is forcing all sorts of revelations today which raise a few awkward questions for Doug Ware, the boss of this POS.