And the last loss published by EI was in mid 2010, can't see that affecting the recent shareprice. The pension issue is a factor, I think the LC issued a proposal on that so it should be clarified in the next couple months. And the share price was down before the pension issue became public.
Last loss was last quarter where lost same as last year.
Does this mean FR must make another public bid if given the go-ahead?
Does this mean that if this happens the subsequent bid (at whatever price) will be the 3rd permitted under Irish regs?
FR don't have to make another bid as they free to walk away.
IF they bid they can bid at any price they wish, extend the deadline if they fail to get 50.00001% and increase the offer price which is generally the norm in a hostile takeover. Based on historic hostile bids for companies I would expect to see all three.
Also based on historic hostile takeovers I would expect that Hedge funds / Investors have already bought up sizeable blocks for a quick profit.
Once you get 50.00001% you in control and while people can hold onto shares it is pretty pointless.