I Wish I Knew The Answer
16 Oct 2015
Re: Alent buy out "I thought of doing the same, ie sell Alent and buy Platform, when the latter fell below $20. I am now not so sure: when a share nosedives by over 50% in just a few months you need to know why, and I have not been able to get to the bottom of it. It certainly seems to have fallen out of favour for some reason. I wonder if Cevian still have faith in the company."What's swung it for me is Cevian have committed their entire stake in Alent in return for Platform shares (assuming all other shareholders do not also apply in which case it will be pro-rata). I assume they have done a lot of due-diligence as they do in all the companies they invest in. Another major investor in PAH is Bill Ackman of Pershing Square who you can look up his track record on the net which is well up there.Most of all I look at the companies that PAH are acquiring and they are all cash rich high profit entities gained mostly though IP rights which they control. Most of the fall, I believe, has coincided with the stock market fall (as well as a downgrade due to a forecast profits fall) and the price is currently about $13 so I believe well worth a punt at these levels. I invested heavily in Alent due to Cevian's track record so I believe this is another opportunity I can benefit from.Anyone think we will get a final dividend as at the current price little to hold for now?As usual DYOR.
nk1999
15 Oct 2015
Re: Alent buy out RNS today @ 13:49pm:"Antitrust Clearance in ChinaAlent plc ("Alent"
is pleased to announce that the recommended offer for the entire issued and to be issued share capital of Alent by MacDermid Performance Acquisitions Ltd ("Bidco", a wholly owned indirect subsidiary of Platform Specialty Products Corporation ("Platform", has today received antitrust clearance from the Ministry of Commerce of the People's Republic of China pursuant to notification Shang Fan Long Shen Cha numbered 250 (2015). This follows the clearances received from anti-trust authorities in the US, South Korea, Ukraine, Brazil, Germany, Poland and Romania for the proposed acquisition.All of the anti-trust clearances set out in paragraphs 3 to 9 of part V of the Scheme Document have now been obtained.Subject to the satisfaction or waiver of the other Conditions set out in the Scheme Document and the sanction of the Scheme by the Court, the Scheme is now expected to become effective in late 2015. Alent intends to release shortly a timetable that sets out the expected times and dates for the principal events required hereafter for implementation of the Scheme.Defined terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 17 August 2015."
sapito
13 Oct 2015
Re: Alent buy out I thought of doing the same, ie sell Alent and buy Platform, when the latter fell below $20. I am now not so sure: when a share nosedives by over 50% in just a few months you need to know why, and I have not been able to get to the bottom of it. It certainly seems to have fallen out of favour for some reason. I wonder if Cevian still have faith in the company.
I Wish I Knew The Answer
10 Oct 2015
Re: Alent buy out Nearly therePlatform Latest Update"Acquisition of Alent plc and the first of the OM Group Electronic Chemicals and Photomasks acquisitions expected to close in Q4 2015."
I Wish I Knew The Answer
09 Oct 2015
Re: Alent buy out Sold half my holdings @494 and bought into platform (pah) @14.5 which is about 1/2 of price a few months back. Only 1 more regulatory approval to gain by platform. If anyone is thinking of accepting platform shares in lieu of cash the rate will be about 24.5 USD so with the platform shares significantly lower it makes sense to sell alent and buy platform now the price is significantly lower.
Merlindale
01 Oct 2015
Re: Alent buy out I got tired of waiting around for the takeover, specially having lost out on RSA's collapsed takeout, so I cashed in at 496.6p a few days ago and am delighted to have trebled my money on this half of the old Cookson - wonder if Vesuvius will also be taken out one day?
sapito
17 Jul 2015
Re: Alent buy out 6 to 9 months probably
squeezebox64
16 Jul 2015
Alent buy out Is there any time scale as to when payment for the shares is expected?
sapito
15 Jul 2015
Re: Offer price? Dhaka, the current share price does seem a little bit on the low side - I'm almost tempted to buy more at this level to secure a healthy "guaranteed" capital gain of 20p per share in 6 to 9 months time!There may also be a juicy 6pps dividend at the end of the year (based on my very quick reading of the 57 page document issued on Monday). However the takeover is subject to various conditions - e.g. shareholder approvals and anti-trust approvals - all of which which will no doubt have a negative impact on the current share price.What worries me more at this point is something else I spotted in the announcement: tucked away in para 21 is the bombshell that the transaction is not "currently expected" to qualify for rollover relief, with the effect that shareholders would be treated as disposing of their Alent shares irrespective of whether they take cash or shares.I would like to know what "currently expected" means.....
Dhaka John
14 Jul 2015
Offer price? Thought this a done deal, then why hasn't sp reached the offer price 5.03. Usually there is a slight discount but not this much.
Soundingman
13 Jul 2015
Re: Any views after directors buying?? Whatever the strategy it appears to have worked.
I Wish I Knew The Answer
13 Jul 2015
Re: Bid Cevian have committed to sell to Platform (by way of new platform shares) so this will go through. We finally discover what their plan was for their investment, well worth the long wait for us holders who have been patient.
sapito
13 Jul 2015
Re: Bid I'm not aware of any other likely predator. My feeling is this is it, the offer we've all been waiting for......the way, there is a PARTIAL share alternative - useful if you don't want to crystallise an immediate taxable capital gain. However, holding US shares - in Platform - may not be appealing to some. Furthermore, if you elect for shares instead of cash, you won't be sure of getting the shares you elect for: if every Alent shareholder elected for shares, you'd only get 21.9% of the value of your shareholding in shares, the remaining 78.1% in cash. In practice, there will be some scaling down of share elections, but unfortunately the exact extent of the scaling down will be uncertain until all the share elections have been counted.
Butcher
13 Jul 2015
Happy days good old quilter & co,new car I think
nk1999
13 Jul 2015
Bid Bid at 503p cash. Looks like a done deal? Anybody thinks any chances of a counter offer (probably not!)nk
