Mccoll's Retail Group - MCLS Stream Log

Wanted to drop the bill 1703 post 2nd October down a line but it posted !!. but simply it went private for 287p

Oct 2, 2021 at 9:40am dampseaweed, jackdawsson, and 2 more like this CommentlikePost OptionsPost by bill1703 on Oct 2, 2021 at 9:40am Auction day today, the end of the affair (hopefully)..... hard to say where it could go. And to whom. FT speculating it could go well above 300p - with the auction process tending to push these things higher than otherwise we would get to. Though both sides must be wary about overpaying for this kind of asset. I suspect both sides are prepared to go above the current 285p - but by how much is harder to say? We could certainly get to / around 300p - any more than that would be a bonus, and could leave the ultimate winner with some challenging sums to work out! By bill1703 on Oct 2, 2021 at 19pm And it goes to CD&R - for "just" 287p. Hoped for more of course - but understandable, for all the above reasons. Probably a fair price - no more, no less. Right, we can now see if anyone wants my Sainsbury's shares... all reasonable offers considered? Bill

Morrisons confirms McColl's rescue deal Mon, 9th May 2022 17:19 (Sharecast News) - Morrisons confirmed on Monday that it has agreed to buy convenience store operator McColl's from the administrator, seeing off competition from the Issa brothers' EG Group. The supermarket retailer said the deal will be structured through a pre-pack administration. Morrisons will buy all of McColl's 1,160 stores, which include 270 Morrisons Daily format stores. All McColl's staff will be transferred with the McColl's business to Morrisons, and McColl's two pension schemes will be taken on by the chain. Morrisons - which was recently taken over by private equity firm Clayton, Dubilier & Rice - said its wholesale supply agreement to McColl's stores will continue without interruption and the convenience stores will continue to trade. Morrisons chief executive David Potts said: "Although we are disappointed that the business was put into administration, we believe this is a good outcome for McColl's and all its stakeholders. This transaction offers stability and continuity for the McColl's business and, in particular, a better outcome for its colleagues and pensioners. "We all look forward to welcoming many new colleagues into the Morrisons business and to building on the proven strength of the Morrisons Daily format." McColl's went into administration last Friday after talks with Morrisons fell through and creditors refused to extend a deadline for it to raise more cash.

£1050

Administration yesterday I bought 700 shares on 11th August 2015 ( approx 7 years ) paid 150p at a cost of £105 looks like I did not take August 2021 rights up £50 .

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