Australia's largest stock trading and investment forum Australia's #1 stock forum

TTS

Click for more information

0.00%

$4.45 tatts group limited

The wording "in the absence of a superior proposal" almost...

First 2 Last

Share
Profile

Follow
Quingees

687 Posts.

3

20/10/16

14:06

Post #: 20001161
Share

Originally posted by Parma ↑

Like many others I have some serious money riding on TTS.
The recent merger announcement and subsequent lift in the share price has certainly made a few people a lot of money.
The merger is likely to proceed, barring any concerns from the ACCC, unless of course this little comment in the announcement comes into play............"The Directors of Tatts believe the Transaction is in the best interests of Tatts shareholders and unanimously recommend that Tatts shareholders vote in favour of the Transaction, in the absence of a superior proposal"
What are the chances of TTS receiving a superior proposal ? If so, by who?
I don't recall which share market guru said "the first offer is not necessarily the last".
Will these merger talks flush out a takeover for TTS? Or even TAH?
Interested to read some views on this, particularly from Dull, a very long term and loyal holder.

Cheers

Parma

Expand

The wording "in the absence of a superior proposal" almost invariably appears in takeover/merger documents - so I don't read anything in to that.

In any event, the only possible suitor is likely to be an offshore operator and I believe the ACCC would have a real problem approving that. Just my thoughts.

TTS Price at posting: $4.19 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

US election outcomes: Key economic and market takeaways

There are more pages in this discussion • 8 more messages in this thread...

First 2 Last

Add TTS (ASX) to my watchlist

SPONSORED BY