Hayleys PLC - HAYL
salt at 15h57
31
Jan
2011
Hayleys PLC - HAYL
Hayleys PLC
Major shareholder of Hayleys has given a mandatory offer to acquire 51%
Why?He is confident to buy hayleys at this price
He knows what's happening at Hayleys
Why Haylesy remained at this level while late entrants have gone faster?...it had no capital
Capital rasing was an issue as major shareholders were unable to contribute
Will they get control?Very unlikely
Hayleys PLC
Major shareholder of Hayleys has given a mandatory offer to acquire 51%
Why?He is confident to buy hayleys at this price
He knows what's happening at Hayleys
Why Haylesy remained at this level while late entrants have gone faster?...it had no capital
Capital rasing was an issue as major shareholders were unable to contribute
Will they get control?Very unlikely
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This is not a new development and it has been going on for last 3,4 months.
I am reporting it here for the benefit of those who joined recently and also since it was on the news ( www.ft.lk ) today.
In brief :-
a. As per the above news item
January 28, 2011 @ 3:17 am
Acting in concert, trigger SEC’s Takeovers and Mergers Code by crossing 30% stake in manufactured export rich diversified blue chip and one of few oldest Lankan multinationals
It was untouched as well as impregnable for
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31/01/2011 at 15h57 by "salt"
