Hmm looks like Ferrovial just gained more acceptances (instos?) now up to 14.54%, seems to be gathering steam.
Also has 62mil shares subject to facility but then says an additional 12 mil shares it has relevant interest in, does this mean that Ferrovial have been buying on market as well?
They are still a long way from 50.01% but lets ponder if and when they do get it, what does that mean for us hold outs?
Could they take the company private with 50.01%?
If not, then the remaining 49.99% of shareholders would be those of us left over, would this make the shares more valuable for stock market aquiring should the company fortunes change under Ferrovial?
Some questions i am pondering whilst being a hold out for the dismal offer they have made.
BRS Price at posting:
$1.27 Sentiment: Hold Disclosure: Held