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Post by Macmoish on Jul 28, 2011 15:50:53 GMT
.Thu 28 Jul 2011 ..QPR Holdings Limited - Statement :Mergers & Acquisitions.Press Release Source
"On 4th March 2011 the Company announced that it was in preliminary discussions with a potential purchaser. At the time the Takeover Panel confirmed that should those discussions result in an offer being made for the Company, the offer would be subject to the City Code on Takeovers and Mergers (the Code), even if such an offer was made after 2nd April 2011, being the date on which the Company ceased to be to the Code, due to it being de-listed 10 years previously. The Company confirms that these discussions came to an end in March 2011.
Since the end of these discussions, the Company has entered into preliminary discussions with a different party and can confirm that these discussions and any subsequent offer would not be subject to the Code.
Accordingly the Company confirms that is it no longer in an offer period for the purposes of the Code."
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Post by Jon Doeman on Jul 28, 2011 15:52:12 GMT
What does it mean?
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Post by Macmoish on Jul 28, 2011 15:55:14 GMT
And now on the Official Site CLUB STATEMENT Posted on: Thu 28 Jul 2011 On 4th March 2011 the Company (QPR Holdings Limited) announced that it was in preliminary discussions with a potential purchaser. At the time the Takeover Panel confirmed that should those discussions result in an offer being made for the Company, the offer would be subject to the City Code on Takeovers and Mergers (the Code), even if such an offer was made after 2nd April 2011, being the date on which the Company ceased to be to the Code, due to it being de-listed 10 years previously. The Company confirms that these discussions came to an end in March 2011. Since the end of these discussions, the Company has entered into preliminary discussions with a different party and can confirm that these discussions and any subsequent transaction would not be subject to the Code. Accordingly the Company confirms that is it no longer in an offer period for the purposes of the Code. We will be making no further comment at stage. www.qpr.co.uk/page/NewsDetail/0,,10373~2404328,00.html
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Post by londonranger on Jul 28, 2011 16:02:46 GMT
Another company entered preliminary discussions, not subject to City Code. So theyve somehow got the city cod removed from any takeover agreement. Why? needs more research here.
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Post by Jon Doeman on Jul 28, 2011 16:04:35 GMT
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Post by Macmoish on Jul 28, 2011 16:05:06 GMT
QPR DAD WHERE ARE YOU?
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andygg
Dave Sexton
Posts: 1,031
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Post by andygg on Jul 28, 2011 16:12:28 GMT
What a load of gibberish, the person involved in that statement should be slapped around the face repeatedly.
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Post by londonranger on Jul 28, 2011 16:19:33 GMT
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Post by londonranger on Jul 28, 2011 16:23:58 GMT
Panel On Takeovers And Mergers The City watchdog whose job is to oversee the conduct of takeovers involving companies listed on the London Stock Exchange.
The Panel writes and enforces the City Code on Takeovers and Mergers, which sets out in meticulous detail the management and timing of takeover bids. The objective of the City Code is to ensure that high standards of integrity and fairness are maintained, and that shareholders in both bidding and target company are treated equitably.
The Panel is not concerned with the financial or commercial advantages or disadvantages of a takeover, nor is it concerned with competition issues.
The City Code does not have the force of law, but, as the Code says 'those who seek to take advantage of the facilities of the securities markets in the United Kingdom should conduct themselves in matters relating to takeovers in accordance with best business standards and so in accordance with the Code'. It goes on to say that 'Those who do not so conduct themselves may find that, by way of sanction, the facilities of those markets are withheld.'
Panel on Takeovers and Mergers PO Box 226 The Stock Exchange Building London EC2P 2JX Tel: 020 7382 9026
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Post by zicoshoops on Jul 28, 2011 16:23:58 GMT
I think that if you read it while you have both feet in a bowl of Baked Beans, it makes perfect sense. 'The Owl will hoot at seven minutes after midnight.' I repeat...... 'The Owl will hoot at seven minutes after midnight.' Is it me, or has the whole bast*rd world gone mad? ;D
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Post by londonranger on Jul 28, 2011 16:25:45 GMT
Will the buck the law and try to get away with it, or are the transactions offshore, or are they not selling? Guesses.
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Post by Zamoraaaah on Jul 28, 2011 16:30:21 GMT
Clear as mud.
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Post by Macmoish on Jul 28, 2011 16:30:33 GMT
Gives me brain storm just trying to understand. (Probably deliberately being as oblique as possible: They don't want people to understand.) I undertood the 2007 takeover statement very well!
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Post by gramps on Jul 28, 2011 16:31:08 GMT
Duh! This is all gibberish to my poor old feeble brain. Think I'll take a back seat and withdraw my offer. (Don't think ÂŁ85.76 would have been accepted anyway).
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Post by Hogan on Jul 28, 2011 16:33:37 GMT
I think that if you read it while you have both feet in a bowl of Baked Beans, it makes perfect sense. 'The Owl will hoot at seven minutes after midnight.' I repeat...... 'The Owl will hoot at seven minutes after midnight.' Is it me, or has the whole bast*rd world gone mad? ;D What has the world got to do with you going mad, stop looking for excuses and face reality. ;D
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Post by zicoshoops on Jul 28, 2011 16:45:54 GMT
There is that of course Hogan. ;D Mark my words though..........at 12.07 this Friday morning, all will become clear.
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Post by Zamoraaaah on Jul 28, 2011 16:46:33 GMT
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Post by Hogan on Jul 28, 2011 16:52:18 GMT
There is that of course Hogan. ;D Mark my words though..........at 12.07 this Friday morning, all will become clear. Ok when it becomes clear to you, send me a pm at 12.08. I shall be waiting by the refresh button.
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Post by zicoshoops on Jul 28, 2011 16:53:28 GMT
There you are, what did I tell you. Stick a Trilby and a Raincoat with a turned up collar on it, and it's a ringer for an Owl.
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Post by Hogan on Jul 28, 2011 17:00:35 GMT
Surely no one would be mug enough to pay what Bernice is asking?
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Post by Macmoish on Jul 28, 2011 17:08:18 GMT
If Bernie and Flavio (and Laskhmi) do sell, I wonder if HE (like Voldemort, we dare not speak his name) will also leave. Or will it be more a case: " If you want a picture of the future, imagine a boot stamping on a human face—forever"
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Post by Hogan on Jul 28, 2011 17:18:01 GMT
That would depend on who the new owners decide whould be involved in the day to day running, by that i mean a football person ofcourse.
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Post by londonranger on Jul 28, 2011 17:36:08 GMT
Bletchley Park and the enigma machine would solve this in a secondm right Zed!.
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Post by londonranger on Jul 28, 2011 17:41:30 GMT
Posted: Thu Jul 28, 2011 11:25 am Joined: Wed Feb 07, 2007 1:17 pm Posts: 393 The "Code" is a set of stock market rules which apply to plc's, not only whilst they are plc's but for 10 years after they stop being plc's as well.
Our 10 years are up so they are no longer obliged to tell us if they are in talks that could result in a takeover.
If they'd just wanted to play by the rules they could have made
this announcement months ago, which makes me wonder if they are now close to selling, and are tidying up. Fingers crossed, eh!
Julia on indyrs, tthx. this does clear it up.
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Post by Macmoish on Jul 28, 2011 17:42:28 GMT
QPR "a riddle wrapped in a mystery inside an enigma"
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Post by Macmoish on Jul 28, 2011 17:44:39 GMT
...makes me wonder if they are now close to selling, and are tidying up. Fingers crossed, eh! Always remembering "out of the Frying pan..."
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Post by cpr on Jul 28, 2011 17:55:20 GMT
Does that mean no need to announce due diligence any more?
These cowboys don't understand diligence anyway!
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Post by londonranger on Jul 28, 2011 18:02:40 GMT
I think its the Nizaam of Hyderabad. But will he let Paladini go??
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Post by Macmoish on Jul 28, 2011 18:07:42 GMT
Does that mean no need to announce due diligence any more? These cowboys don't understand diligence anyway! Concern that they actually get their money? Absolutely Concern that QPR being put in good hands.
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Post by Jon Doeman on Jul 28, 2011 18:19:02 GMT
...makes me wonder if they are now close to selling, and are tidying up. Fingers crossed, eh! Always remembering "out of the Frying pan..." Exactly, my cold war upbringing, has left me wary of the Russian bear!
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