Seriously though, isn't there a requirement for someone buying 30% of shares in a company to launch a formal offer of takeover within a set period (a month?).
Takeover Code When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
I like you Billy and I like reading your posts, I just don't want you to make it more painful for yourself trying to cover all bases. Can you honestly not see how through your thread you have covered every possible scenario? No don't answer because it doesn't matter, we are all Leeds fans wanting the same thing so moving along....
It's a minority investment. No, it's a takeover. No, Bates is refusing to sell. No, Bates is ill and he must sell. No, Bates is keeping a minority stake. No, Bates is dead and his family are keeping the club. No, Bates is dead and his family are selling the club. No, Bates has hidden the stadium and Thorp Arch amid a fug of off-shore smoke-screens. Have I covered every base yet? Please help, I need ot make sure I am right when the final announcement comes.
Billys - thank **** you're not running Leeds! You'd change your mind every day and no-one would know if they were coming or going! The twitter-sphere would help you to develop your ever-changing strategy I'm not cynical at all, I just don't believe a word you write. I think you have been duped and you are now in defensive mode. You have provided every one of those scenarios at one time or another. Please provide some concrete evidence that shows why you are not being led down the garden path by someone.
