ALDCY A Warren Buffet coat tails play Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : ALDCY A Warren Buffet coat tails play

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard G. Woodland who wrote (3)	7/2/1999 2:57:00 PM
From: Richard G. Woodland	Read Replies (1) of 6

Sorros and Buffett it doesn't get any better than this! Punch Taverns Group financed by investor group including George Sorros and Texas Pacific Group is in an all out bidding war with Whitbread PLC for control of 4500 UK pubs Allied Domecq has put on the block. July 2 Whitbreads Final Offer 2.877 billion pounds (4.54 billion us) Offer comprises 135 million shares of WTB LN (1001) and 1.5 billion pounds cash, up from their previous offer of 2.3 billion pounds in stock. Punch published a response the announcement stating that their offer of 2.85 billion pounds was higher based on current share price of WTB. Punch chairman Hugh Osmond refused to concede defeat. " We'll do what it takes to win" There have been accusations that market bandits have been manipulating WTB share price to dilute their offer. Based on close 5/28/99 close 1111 the current Whitbread Plc offer would equate to: 1.5 billion + 135,000,000 X 1111=149,985,000 or 2.99985 billion pounds Punch will have to do something their offer expires July 5, 1999.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next