Lootman wrote:Dod101 wrote: I would have thought fundamental particularly for a bid as big as this was is the need to get shareholders on side beforehand.
Shareholders are asked to approve any accepted bid. But I have not seen a company ask shareholders' permission to make a bid. In fact publicising the intention to make a bid would have the effect of moving the target's price against you.
Aren't these moves usually done discreetly for exactly that reason?
Having sold Unilever last summer I bought back in last week and am pleased to see I am up 12% on the deal. That is the equivalent of three year's worth of dividends in just a few days. The question now is do I grab the profit and run?
Very well done. You know, in your shoes I think I would the money and run.