Dairy Crest (DCG)
Posted: February 22nd, 2019, 11:16 pm
I haven't seen anything on TLF about today's announcement that Dairy Crest has agreed to be taken over by a subsidiary of the Canadian firm Saputo for 620p a share via a scheme of arrangement, after which it will become a private company (RNS 8448Q). Directors to continue and probably most of the staff as well. Sounds remarkably like the RPC deal though there is no mention of the institutional shareholders. Presented as a done deal. It will be interesting to see what the papers say about it tomorrow.
Al my successful holdings are being taken over by foreign companies for prices which I don't feel reflect their future potential. There is precious little left that I feel inclined to invest in, hence a large chunk of cash in my ISAs doing absolutely nothing.
Does anyone else hold Dairy Crest. It has not done all that well recently but was still making a significant profit for me (considerably increased today) and the dividend wasn't bad. I shall be sorry to see it go.
Al my successful holdings are being taken over by foreign companies for prices which I don't feel reflect their future potential. There is precious little left that I feel inclined to invest in, hence a large chunk of cash in my ISAs doing absolutely nothing.
Does anyone else hold Dairy Crest. It has not done all that well recently but was still making a significant profit for me (considerably increased today) and the dividend wasn't bad. I shall be sorry to see it go.