Noticed some cash in my account from this and my infinis shares have disappeared. Will I be allocated shares when the take over is complete or are they just buying me out?
Infinis shares were floated at 260p in November 2013. The shares are being bought back at 185p per share, ahead of a likely break-up and sell-off of its assets.
My reading of this is that you've received your 185p cash and off you go.
Lots of people not happy with this, seems the same people floated it with the sole intention of buying back cheaper. I think with dividend payment to I got bought out without losing much.
