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Andreas
@Andreas89
11Mês·

$1COV (+0,64%) Yesterday, the takeover bid for Covestro fluttered into my mailbox. 62 per share.


What do you think? How do you deal with it?

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15 Comentários
Coriolis@Coriolis
11Mês
I wonder why the share price is still at €58.xx?
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Andreas@Andreas89
11Mês
@Coriolis Do you also have shares?
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Coriolis@Coriolis
11Mês
@Andreas89 Yes. Have held Covestro for a long time.
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Andreas@Andreas89
11Mês
@Coriolis and do you have any ideas about what you will do?
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Coriolis@Coriolis
11Mês
@Andreas89 I will accept the offer at €62,-, but I am considering topping up considerably beforehand.
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Andreas@Andreas89
11Mês
@Coriolis I had the same thought. Worst case: hurdle not reached, share price plummets
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Coriolis@Coriolis
11Mês
@Andreas89 Stop loss at €58
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Andreas@Andreas89
11Mês
I'm keeping my fingers crossed 👍
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imagem de perfil
Goldfinger1977@Goldfinger1977
10Mês
@Coriolis Stoploss was deleted by the bank's system because it was transferred to a collective account after the exchange offer was accepted
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xXnadXx@xXnadXx
10Mês
1. because a year can pass before the matter is settled. The return is then manageable again.

2. because there is a chance that the deal will still go through and then the share price will head back towards €40 or less.
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Coriolis@Coriolis
8Mês
@Coriolis At the current price of €56, a 10% return is possible, the deal is fixed.
I don't understand the price development.
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Frisian@frisian
11Mês
I believe that has to do with still, some risk in the deal, like today:

"Subject to the review of the Offer Document, the Board of Management and the Supervisory Board of Covestro assume that they will recommend the acceptance of the Offer to the shareholders of the Company," Covestro said in a statement. It will issue a statement on the takeover offer "in the next two weeks".

Furthermore it is well into 2025 that actual cash will transfer if at least 50% of shareholders accepts the offer

The offer has for me been the key reason to buy the share in the first place
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Komar@Komar
9Mês
Has the takeover bid already arrived at Smartbroker?
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Andreas@Andreas89
9Mês
@Komar no idea, I don't use it
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Coriolis@Coriolis
8Mês
91.3% of the shares have already been tendered to Adnoc. This is more likely to be a squeeze-out.

https://www.kunststoffweb.de/branchen-news/covestro-uebernahme_adnoc_bekommt_91_3_prozent_aller_aktien_angedient_t256882

I don't see any risk...
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