Originally Posted by
JobsaGoodun
Runway....my thinking is that Tinkler owns about 8% of Stobart. With circa 350m shares in circulation that equates to about 28m in his ownership. As a result of the bid on Friday, Stobarts share price increased 7.7% (10.8p) increasing the value of his stake by about £3m. His purchase in Flybe would have cost him circa £750k meaning he's still up over £2m. If I were him, protecting the value of his Stob stake I'd want the consortium bid to go through. Bizarre - yes. Crazy - maybe not as much as it might appear.
Jobsa, as Racedo has kindly pointed out, I was thinking of the legal implications.