Takeover

[Fulham Fallout]

If certain people { not on here }were told in November that the takeover was very close to happening, why 3 months later is nobody any the wiser. Don’t say these things take time. Because 3months ago it was supposed to be very close.

I think that random members on SM are not as clued up on what is going on as you might hope.

I really don’t hope for much it’s just annoying that some have to send out Rubbish information for no apparent reason. 
I have given up waiting for the takeover to happen and will just wait until it’s announced one way or another.

How are you not going to wait for it to happen? You ain’t got any choice but to wait.

[rsbaggy2]

I did post late December 23 that a source intimated that it would be morelike 3 months when many on here said it was imminent.

[Pragmatist]

If certain people { not on here }were told in November that the takeover was very close to happening, why 3 months later is nobody any the wiser. Don’t say these things take time. Because 3months ago it was supposed to be very close.

3 months ago was when those involved had to sign NDAs. That’s why nobody is any the wiser!

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If certain people { not on here }were told in November that the takeover was very close to happening, why 3 months later is nobody any the wiser. Don’t say these things take time. Because 3months ago it was supposed to be very close.

There is a lot of property involved. That can take 2-3 months on its own to go through the process.

What process is that?  The properties aren’t being sold.  They remain within the relevant companies.  This is purely a share transaction.

[wba13]

I did post late December 23 that a source intimated that it would be morelike 3 months when many on here said it was imminent.

Yes I remember reading that wish I had believed you then, I believe it now.

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If certain people { not on here }were told in November that the takeover was very close to happening, why 3 months later is nobody any the wiser. Don’t say these things take time. Because 3months ago it was supposed to be very close.

I think that random members on SM are not as clued up on what is going on as you might hope.

I really don’t hope for much it’s just annoying that some have to send out Rubbish information for no apparent reason. 
I have given up waiting for the takeover to happen and will just wait until it’s announced one way or another.

How are you not going to wait for it to happen? You ain’t got any choice but to wait.

Total media blackout until I die. Who knows when that will be.

[Derek Hardballs]

‘Trust the process’

[denboy54693]

If it happens it will be after the Global currency reset

[Derek Hardballs]

If it happens it will be after the Global currency reset

The trouble with posts like this I have no idea whether they are genuine or piddle take anymore.

[Remi_Moses]

Is our current position confusing our value, is Lai playing a waiting game. Far to many questions with little or no hints as to where
we are in the process. We're all just mushrooms.

[Mullers]

If certain people { not on here }were told in November that the takeover was very close to happening, why 3 months later is nobody any the wiser. Don’t say these things take time. Because 3months ago it was supposed to be very close.

3 months ago was when those involved had to sign NDAs. That’s why nobody is any the wiser!

---

If certain people { not on here }were told in November that the takeover was very close to happening, why 3 months later is nobody any the wiser. Don’t say these things take time. Because 3months ago it was supposed to be very close.

There is a lot of property involved. That can take 2-3 months on its own to go through the process.

What process is that?  The properties aren’t being sold.  They remain within the relevant companies.  This is purely a share transaction.

As with any corporate transaction, the deal process can be lengthy. Even after a potential buyer has been sought and agreed a deal in principle, that buyer will undertake due diligence (financial, tax, legal, etc). Once due diligence has concluded (something which normally takes at least four weeks), there’s then further negotiations between buyer and seller to agree the final deal. A share purchase agreement is then signed and after all that, the deal can be concluded (subject to regulatory approval if necessary).

John Percy reported on 12th January that Shilen Patel would be granted a period of exclusivity. In a previous post, I mentioned how timings will be very dependent upon when that exclusivity was granted (and indeed whether we had undertaken our own ‘vendor’ due diligence in advance). If exclusivity was granted in the week that Percy reported the news, then I wouldn’t be expecting due diligence to conclude until the end of this week at the earliest. If that was the case, mid-late February for some kind of announcement would be possible, but that is working to a fairly accelerated timeline assuming no delays from either side (a big assumption given our current owner).

[SausEggBaton]

takes time to pickle eggs

And onions, of which there are palenty pickled on this thread.

In fact, most pickling takes a while, so I'm lead to believe.