2Yr·

I would like to hear your opinion on a takeover offer from $READ a takeover bid. The offer was recently increased to the equivalent of 1.29 euros. The acceptance threshold is at least 90% of the shares. With the increased offer, approximately 32% of the shares have been safely taken over.

Do you think that the takeover offer is final? I don't think that the limit has been reached yet, since the share price has really crashed and many shareholders would have to sell with heavy losses. Would you still hold or sell? I am curious to hear your arguments.

Before the question comes: Yes I have shares and am still slightly in the minus ;-) Purchase price just under 1.37 euros.

3 Comments

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A small addendum: I am primarily interested in how you would decide and why! The quality of "Readly" should be in the background.
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2Yr
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@FrankMustermann The free float is relatively high at 60%! I do not believe that all, let alone 50% accept, especially since many "miss" the deadlines. I rather assume that the acceptance threshold will be reduced or the offer will be increased again (possibly a combination). Otherwise, I would guess that the deal will fall through.
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