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AccessKenya takeover offer at 14/=
Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mlennyma wrote:My only question and dilemma is to accept or turn down? We should atleast put some resistance by ensuring we educate each other not to sign the forms till the price is improved....that is.. to ensure they don't get 75%
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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King G wrote:I see the threshold of 75% not being met in this one. We might be locked in for a long time .. tussles That's my prayer 
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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We also need to ask the directors for disclosure of all fees payable by Access in connection with the take-over including legal, financial advisers, directors for extra work related to the offer etc.
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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Jamani wrote:I understand it differently.... Read the standstill clause for yourself.
In addition in the event that a higher competing take-over offer is made to acquire AccessKenya and such offer becomes or is declared unconditional AccessKenya will be obliged to pay Dimension Data a break fee of USD 2,500,000; and
I dont understand why the Govt waived the 20% rule with such a clause??? Kenya is fast becoming Africa's ICT hub and DD know it.
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Rank: Member Joined: 4/14/2011 Posts: 639
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kollabo wrote:Jamani wrote:I understand it differently.... Read the standstill clause for yourself.
In addition in the event that a higher competing take-over offer is made to acquire AccessKenya and such offer becomes or is declared unconditional AccessKenya will be obliged to pay Dimension Data a break fee of USD 2,500,000; and
I dont understand why the Govt waived the 20% rule with such a clause??? Kenya is fast becoming Africa's ICT hub and DD know it. This deal is so skewed in DD's favour.Probably it would pay to wear the same googles like DD and be their partners.They must have a very big plan for AK definately.Its the shareholders call at the end of the day
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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My broker told me to let go and look for another woman to marry. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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DD can only squeeze out i.e. forcefully buy out minority shareholders if they hold 90% of the shares. I am not selling unless I am forced to. We are worth more than 14/- a share and DD seems to see that.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The directors know that small shareholders cant change anything and iam sure all big shareholders have met and agreed on a common position. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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mlennyma wrote:The directors know that small shareholders cant change anything and iam sure all big shareholders have met and agreed on a common position. I think not. There are over 28000 shareholders here and about 50% is controlled by private investors, I would think the directors have got about 50% behind them which means us private shareholders hold the key here.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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I will wait until the last day of offer "Don't let the fear of losing be greater than the excitement of winning."
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AccessKenya takeover offer at 14/=
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