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This pathetic offer that makes the Ceo a multi millionaire and makes Thoma Bravo billions in profit overnight should be rejected.
It does not begin to reflect the true value of Darktrace
Who controls how many votes ?
Can someone add up the votes ?
We will see with the plethora of Form 8.3 RNSs this week as all 1 percenters declare
Https://www.tipranks.com/stocks/gb:dark/ownership#
They have 14.4% from KKR DA, Summit Partners, Director & Senior employees
The bidders dont own enough shares they will have to up their offer for shareholders to accept or another bidder will emerge
This ends up well over 1000p a share
I'm not sure another bidder will emerge, but I think it's far from a slam dunk that the existing IIs will accept 620. If they're British based IIs then they too will be subject to any loss on ER.
14.4% is a very very low place to start from when you need 75% support.
It wouldn't surprise me if TB simply had to raise their bid because shareholders won't accept 620.
You can tell it is raining.
Fair value for the SHs, the BoD claim, when their own broker, who advised them on this takeover, recently said the intrinsic value was much higher. You sell when above intrinsic value and buy below intrinsic value. The BoD selling “low” is a travesty, and demonstrates my long term view that the BoD is, and always was, negligent in looking after the interests of all of its shareholders. An appalling negotiation and done rapidly according to the Sunday Times.
‘“Andrew Almeida, a strait-laced partner of the firm based in Miami with a focus on cybersecurity investments, approached Darktrace’s board — led by chairman Gordon Hurst, a former chief financial officer at the outsourcing company Capita — again in mid-March. This was shortly after Lynch, facing trial, and his wife had significantly sold down their stakes in the business. It took until Friday morning last week for Almeida and Hurst to agree on the final deal.”
What a pathetic negotiator our Chairman is.
The Ceo should be dismissed with immediate effect
No way the shares are going to drift down,quite the opposite
If you don’t believe they will drift look at ForgeRock, UK based, offered to buy by TB in Oct 22 “ ForgeRock shareholders to receive $23.25 per share in cash”. It took until Aug 23 to complete (10 months) and you can see the drift down here
https://www.macrotrends.net/stocks/charts/FORG/forgerock/stock-price-history#:~:text=The%20all%2Dtime%20high%20ForgeRock,below%20the%20current%20share%20price.
Over 9 months with GBP/USD forecast this will be in 560s
Who wants to hold money 9 months watching it go down
ForgeRock did list on US vs UK or Norway but still drifted is the point
Not sure why people are suggesting a swap of the only credible uk tech co into junk is a good move.
I would do nothing at all until it is clear what is going to happen here.
If anyone remember Atlantic computers years ago ,it ended up in a bidding frenzy
What a journey for me , finally I’ve got out of here, thanks for Lending and some Kind people’s advice, its really valuable GLA
There are still more trading opportunities to come here over the next few months
Berylfu I am pleased for you and if I remember your average, you come out with a small profit. Take care.
I imagine the weekend was spent with many slide rules going over the numbers at Darktrace
Which co will throw their hat into the ring next? Panmure reckon Palo Alto