The Official Tottenham Hotspur Thread [Vol 7]
Discussion
Looks like a takeover could be happening.....
http://www.tottenhamhotspur.com/news/rule-2.10-ann...
Tottenham Hotspur Limited (“THFC”)
Rule 2.10 Announcement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), THFC confirms that, as at the close of business on 12 September 2014, it had 213,102,209 ordinary shares of 5 pence each in issue. The International Securities Identification Number for THFC shares is GB0008962986.
http://www.tottenhamhotspur.com/news/rule-2.10-ann...
Tottenham Hotspur Limited (“THFC”)
Rule 2.10 Announcement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), THFC confirms that, as at the close of business on 12 September 2014, it had 213,102,209 ordinary shares of 5 pence each in issue. The International Securities Identification Number for THFC shares is GB0008962986.
Rosscow said:
I think that means Cain Hoy have until 10th October to make the offer official.
Yes...it means they have until 5pm that day to make a bid. Edited by Rosscow on Monday 15th September 17:19
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
Rosscow said:
I think that means Cain Hoy have until 10th October to make the offer official.
Yes...it means they have until 5pm that day to make a bid. Edited by Rosscow on Monday 15th September 17:19
Don't understand why the statement's been made though as Spurs were delisted a couple of years ago!
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
Cheib said:
Yes...it means they have until 5pm that day to make a bid.
Don't understand why the statement's been made though as Spurs were delisted a couple of years ago!
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
I found it odd too considering that they have been de-listed. I guess there are still some shares not held by the company. It kind of makes sense for Enic to look to sell now. They've done all the hard-work (almost) with regards to preparing the land for a new stadium but once they start financing the build and actually put bricks down, they can't really sell until it's completed. So I guess now is the time to see if someone else fancies taking it on.Don't understand why the statement's been made though as Spurs were delisted a couple of years ago!
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
TEKNOPUG said:
Cheib said:
Yes...it means they have until 5pm that day to make a bid.
Don't understand why the statement's been made though as Spurs were delisted a couple of years ago!
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
I found it odd too considering that they have been de-listed. I guess there are still some shares not held by the company. It kind of makes sense for Enic to look to sell now. They've done all the hard-work (almost) with regards to preparing the land for a new stadium but once they start financing the build and actually put bricks down, they can't really sell until it's completed. So I guess now is the time to see if someone else fancies taking it on.Don't understand why the statement's been made though as Spurs were delisted a couple of years ago!
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
Enic could ask for 20 billion if they wanted and if someone was stupid enough to pay it that's what the price would be.
In summary, no clue what the share bit is about.
London424 said:
TEKNOPUG said:
Cheib said:
Yes...it means they have until 5pm that day to make a bid.
Don't understand why the statement's been made though as Spurs were delisted a couple of years ago!
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
I found it odd too considering that they have been de-listed. I guess there are still some shares not held by the company. It kind of makes sense for Enic to look to sell now. They've done all the hard-work (almost) with regards to preparing the land for a new stadium but once they start financing the build and actually put bricks down, they can't really sell until it's completed. So I guess now is the time to see if someone else fancies taking it on.Don't understand why the statement's been made though as Spurs were delisted a couple of years ago!
Strange timing, seems very likely that it's the stadium that is driving this given the statements made a few days before...I am guessing it's either than Spurs are finding it harder than they thought to finance the stadium or Cain Hoy think they can do it better than Levy/Enic can.
Enic could ask for 20 billion if they wanted and if someone was stupid enough to pay it that's what the price would be.
In summary, no clue what the share bit is about.
That said as a private company I don't understand why the official statements for a private company!
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