ENOC takeover bid for Dragon Oil - confused ??
Discussion
Hi all,
I've got a handful of dragon oil shares, acquired around 20 years ago when some daft rumours were doing the rounds. I've received paperwork advising that ENOC have made a takeover bid which has been accepted by the board but not the shareholders, as yet.
The paperwork just seems to want my signature and return of the share cert for which I'll receive the offer price of 750p per share. The current share price is sitting around 735p, largely due to what's going on with the takeover bid.
I don't need the money right now and would prefer to retain the shares if that's an option. However, I can't find any indication in the reams of paperwork I've received of what happens if I don't simply bend over and accept the offer. Is anyone familiar with this sort of situation. Does anyone know what happens to my shares if I don't accept? Could I just lose them/my money?
Thanks for any help
I've got a handful of dragon oil shares, acquired around 20 years ago when some daft rumours were doing the rounds. I've received paperwork advising that ENOC have made a takeover bid which has been accepted by the board but not the shareholders, as yet.
The paperwork just seems to want my signature and return of the share cert for which I'll receive the offer price of 750p per share. The current share price is sitting around 735p, largely due to what's going on with the takeover bid.
I don't need the money right now and would prefer to retain the shares if that's an option. However, I can't find any indication in the reams of paperwork I've received of what happens if I don't simply bend over and accept the offer. Is anyone familiar with this sort of situation. Does anyone know what happens to my shares if I don't accept? Could I just lose them/my money?
Thanks for any help
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