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Time of takeover


the scud
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To answer the OP - I think there was a question in there somewhere - "When the time is right" is when we'll be taken over ;)

 

Was it Woolworths vouchers per chance?

 

Buy a football club and get a free poor-quality BBQ?

 

Or even worse, it could've been Luncheon Vouchers...

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Im going to say 5pm today, just as the working day is about to end they will rush it through then announce a press conference for tomorrow. As far as i can tell all that needs to be done is money transfered and the official contract to be signed. While in principle you would not think that would take to long but when buying a business even the smallest of things can hold it back. If Fry says they are now sorted as believed then i imagine it is now just a case of organising how the funds are distributed. He is working on behalf of a few companies who all expect something, it is not an easy job to do. If the fee is £15m as reported then that will naturally most of be going to the person we owe the most to. Then it boils down to how much the others will get if they get any at all. Some shareholders might also think they are entitled to something (they mentioned 3rd parties holding it up a day or so ago) which obviously they are not such as how shares work.

So if those guys had been working on it all over the weekend and were close then i think it will be announced today but press conference and finishing off tomorrow.

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