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Unga limited takeover
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jawgey
#221 Posted : Tuesday, June 19, 2018 4:25:09 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.
Seeing is believing
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jawgey
#222 Posted : Tuesday, June 19, 2018 4:27:54 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.


I mean, will I still be paid for my shares? If yes, how will I be paid if not through my broker?
Seeing is believing
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wukan
#223 Posted : Tuesday, June 19, 2018 4:30:42 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.


Seaboard and victus will screw you nice and proper away from public limelight. smile
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VituVingiSana
#224 Posted : Tuesday, June 19, 2018 4:50:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jawgey
#225 Posted : Tuesday, June 19, 2018 6:32:00 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
wukan wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.


Seaboard and victus will screw you nice and proper away from public limelight. smile


Sadly that might be the case.
Seeing is believing
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jawgey
#226 Posted : Tuesday, June 19, 2018 6:33:32 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.
Seeing is believing
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Angelica _ann
#227 Posted : Tuesday, June 19, 2018 6:36:50 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.


A cheque will be done & posted to your last known address once they reach the 90% threshold. Cc. Brokrbond/Unilever & Access Kenya. Wacha tu!!! This is a real accept & move on scenario!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana
#228 Posted : Tuesday, June 19, 2018 7:23:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.

IF Seaboard + Victus get to 75% and 90%. No easy answers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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xxxxx
#229 Posted : Tuesday, June 19, 2018 9:38:22 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.


Actually, me thinks it could have been much much worse. Ask those caught up in Eveready or Express, Merali companies, KQ or even ARMCement. So, if I were you, I'd sell the damn shares and go make money else where. You were already shafted together with all other Wanjikus. CMA/NSE are part of the shafting cartel. Where will you run to???
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obiero
#230 Posted : Tuesday, June 19, 2018 10:53:28 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
xxxxx wrote:
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.


Actually, me thinks it could have been much much worse. Ask those caught up in Eveready or Express, Merali companies, KQ or even ARMCement. So, if I were you, I'd sell the damn shares and go make money else where. You were already shafted together with all other Wanjikus. CMA/NSE are part of the shafting cartel. Where will you run to???

The KQ case is the saddest

KQ ABP 4.26
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