Rhigos
30 Aug 2016
Re: Too little, too late!! Precis from CSS'The £24.3bn deal to sell ARM Holdings to Japan's Softbank is an example of the UK "selling out of our winners", former City minister Lord Myners has said. Ceding control of ARM is an example of the City mindset of "don't back [the] British economy", he said. But Treasury adviser Eileen Burbidge said the sale was a "great deal". On Tuesday, 95% of ARM shareholders voted to back the acquisition by Softbank.'Sad day IMO but typical of UK to sell out best to other countries and lose out on the biggest slice of long term gains.
abeetle
30 Aug 2016
Re: Too little, too late!! Yup.[link]
gamesinvestor
29 Aug 2016
Too little, too late!! [link] last, someone with a brain.Sadly it's very late in the day and the clueless ministers who purport to be running this country have opened up the biggest loss of IP this country has ever seen and ensured the complete demise of ARM when it becomes abundantly clear that the debt carried by Softbank becomes unsustainable and ARM will be an afterthought swept away in the panic to service that debt and cut costs.What an epic disaster -- the ARM board, the UK government and the laissez-faire approach to Britain's industrial policy should be held up in a court of law,Games
once a week
26 Aug 2016
Re: If you do not like takeover vote aga... The sale is through a Scheme of arrangement. I'm pretty certain the Directors will have discussed this with the major shareholders and will be very confident that they have the required support:A Scheme of Arrangement is a Court approved agreement between a Company and its Shareholders. It can be used to implement a variety of corporate events. In this case the Scheme of Arrangement is being used by the Company to allow SoftBank to acquire ARM Holdings plc. Typically the proposals require approval at a Shareholder Meeting and a Court Meeting. The Scheme will be approved if Shareholders who represent a majority in number and hold at least 75% in value of the Shares held by those Shareholders who vote, vote for the Scheme. A Scheme also requires the sanction of the High Court at a Court Hearing. If the Scheme becomes effective and all resolutions are passed then the buying Company will obtain 100% of the Shares in issue regardless of whether an individual Shareholder voted in favour, against or not at all.
Rhigos
23 Aug 2016
Re: Intel "Are you saying that TD will not act on this?"No, if you vote to oppose motion that vote will be cast for the shares you own, as your brokerage company will pass this onto to the nominee company who are the named registered holder of your shares on your behalf. It is up to your brokerage company to ask how you wish to vote. as far as I understand they are not obliged to ask you. Some brokerages leave it up to their clients. If clients do not make a request to vote against recommended bid offers they vote with board recommendations on your behalf assuming that is what you want.
MrMeerkat
22 Aug 2016
Re: Intel I certainly had the opportunity from Hargreaves Lansdown to vote on shares held in a SIPPMM
Telecom Spiritualist
22 Aug 2016
Re: Intel Interesting post. I hold my ARM shares in a nominee account (TD). I was asked to vote by them and have done so - opposing the motion and recommendation.Are you saying that TD will not act on this?
Hawk Eye32
22 Aug 2016
Re: Intel Rhinos, I agree with all you say, however, the PI is voted on all the points you make so apathy is common in the voting be it for T/O or AGM's. On the other hand we should vote if to register our dissatisfaction with whole voting system. SoftBank have got this the cheap, another great company gone to a foreign outfit has question mark over it's affairs.
Rhigos
22 Aug 2016
Re: Intel "A board can merely recommend an offer, albeit make irrevocable commitments in regard to their own shareholdings. Only shareholders can accept an offer, which is why there is a vote."One important fact about recommended by board offers is that those that hold shares in nominee account which includes all ISA accounts will have the vote on shares they hold for offer by default. Most shareholders who have own shares via a nominee account never vote so that is a lot of votes for accepting offer. A lot fund managers also feel it is not up to then to decide company policy for those shares and leave it up to the companies board and go with them. An even bigger number of votes to accept.I therefore agree with DaveHughes and blame board. Shareholders are sadly mostly sheep as far as voting is concerned.
BlasterMaster
20 Aug 2016
Re: If you do not like takeover vote aga... I'm not entirely sure where we are up to with this "Takeover", ie Have All Shareholders accepted the offer?If not get these boys in and obtain a more realistic "Takeover Price"[link]
MrMeerkat
20 Aug 2016
Re: Intel "it is the fault of the board for accepting this low offer!"A board can merely recommend an offer, albeit make irrevocable commitments in regard to their own shareholdings. Only shareholders can accept an offer, which is why there is a vote.MM
DaveHughes
19 Aug 2016
Re: Intel Yes, it isn't the government's fault; it is the fault of the board for accepting this low offer!
gamesinvestor
19 Aug 2016
Re: Intel "You can't have your capitalism cake and eat it."Don't want to eat it for a good while there onceaweek, this business is worth a lot more than the deal on offer -- I'm sorry but this is a disaster if it goes through.Games
once a week
18 Aug 2016
Re: Intel Get real guys. You can't have your capitalism cake and eat it.
abeetle
18 Aug 2016
Re: Intel Yes, Allianz Tech Trust up more than 30% in July. What would ARM price be if no takeout had been agreed by the board? Whole episode seems appalling really - why no government opposition to the deal? It's a bit like selling off our gold reserves at a rock-bottom price.
