gamesinvestor
29 Sep 2016
November until this is finally decided.May as well cash out no?Games
Gus1065
18 Aug 2016
Datwyler RNS - Game Over Release this morning saying Datwyler are not making a counter offer.[link] there is another suitor in the wings looks as though we will have to settle for the 185p offer.Gus
uytkvv
11 Aug 2016
When are they going to give me the money? What's the best guess as to when PFL are going to send me a nice fat cheque?
Gus1065
02 Aug 2016
Re: Bidding war? RNS today that Deutsche has just about doubled its holding in PF to 9% (38m shares). [link] just be a speculative punt or are they acting with/for one or other of the prospective bidders?Gus.
idontwanttolose
28 Jul 2016
Gus, The first salvo by the looks of things Bidding war? U.S. electric component distributor Avnet Inc (AVT.N) agreed to buy Premier Farnell Plc (PFL.L) for 691 million pounds, topping an offer from Daetwyler Holding AG (DAE.S) for the British maker of the Raspberry Pi mini-computer.Premier Farnell shares rose as much as 17.8 percent to 193.75 pence on Thursday, above Avnet's cash offer of 185 pence per share, suggesting that investors expect a bidding war.Since Britain voted to leave the European Union on June 23, overseas suitors have flocked to the country in search of deals made cheaper by the sharp decline in the pound.Japan's SoftBank Group Corp (9984.T) agreed this month to buy UK chip designer ARM Holdings (ARM.L) for $32 billion (£24.3 billion).If the deal to buy Premier Farnell, whose low-cost computers help millions get online and learn coding, goes through, it will be Phoenix-based Avnet's largest ever acquisition."Bringing these two companies together allows us to capture market share earlier in the design process," said Gerry Fay, president of Avnet's electronics marketing worldwide.In June, Switzerland's Daetwyler offered to pay 615 million pounds for Premier Farnell.Premier Farnell said its board planned to recommend Avnet's offer and drop its support for Daetwyler's bid.A Daetwyler spokeswoman said that the company had noted the rival offer and was "discussing further proceedings".Peel Hunt analysts said the deal was made particularly attractive by the weaker pound.Since Brexit, the pound GBP= had lost 11 percent against the dollar through Wednesday's close.Avnet said it expected the deal to close before the end of the year and add to its earnings immediately.Stifel analysts said Avnet's offer for Premier Farnell would hurt competition in continental Europe, a concern that was also raised when Daetwyler made an offer.Premier Farnell, based in the northern English city of Leeds, has not been without its troubles.Before Daetwyler made an offer on June 14, the British company's shares had lost nearly a third of its value since September, when it cut dividend and sold a non-core unit amid slowing sales growth in its key UK and North America markets.Avnet shares were down 0.2 percent at $40.76 at 0140 GMT, while Daetwyler stock was down 1.5 percent at 133.70 Swiss francs.Bank of America Merrill Lynch is advising Avnet on the deal, while Lazard & Co is advising Premier Farnell.
Gus1065
28 Jul 2016
Re: Bidding war? Indeed and with the strength of the USD and ChFr against the £ since the original bid there could be more to come. Market thinks there might be given the current 5p premium to the revised offer. Nice position to be in.Best,Gus
gamesinvestor
28 Jul 2016
Re: Bidding war? Gus, You beat me to it. This is good news.Games
Gus1065
28 Jul 2016
Bidding war? RNS just released with 185p cash counter offer from Avnet.[link] salvo in a bidding war or a knock out blow?Gus.
gamesinvestor
29 Jun 2016
Re: Swiss-based Daetwyler Holding AG has... £ -- which is a reasonable assumption as it's a UK listing.Cheap deal for the Swiss boys since £ has weakened and the won't cough up until completion of the deal. Unless £ has a leap upwards in the meantime.Games
gamesinvestor
29 Jun 2016
Sit tight [link] reasonable. Not optimistic there will be another bidder, but you never know.Games
uytkvv
24 Jun 2016
Re: Swiss-based Daetwyler Holding AG has agr... Is the offer going to be priced in CHF or GBP?It makes quite a difference these days...
axel27
16 Jun 2016
I'm IN I guess all the folks that want 164p sell firstThen its the folks wanting 165p...sell nextNo one is buying at my price ....yet ! Note from the RNSA) "... requires the approval of Premier Farnell Shareholders representing at least 75 per cent. of the votes cast at the Premier Farnell General Meeting (either in person or by proxy)."B) "J O Hambro, in respect of 15,000,000 Premier Farnell Share .... It will also cease to be binding in the event a third party announces a firm intention to make an offer for all of the Premier Farnell Shares for consideration of not less than 5 per cent. greater than the Cash Consideration,"
nk1999
16 Jun 2016
Re: I'm out!!! Question for me is "who is buying above 165p and why".Do they know/ expect something i.e. a counter offer?
nk1999
16 Jun 2016
Re: I'm out!!! Question for me is "who is buying above 165p and why".Do they know/ expect something i.e. a counter offer?nk
FRTEB
16 Jun 2016
Re: I'm out!!! I sold at 164. Happy with that.
