Forum Topics PPH PPH Buyout
AbelianGrape
Added 2 years ago

Has anyone been following the story about Pushpay being bought out? I sold my shares not long after the takeover bid was announced, and I haven't paid much attention since then (even though their investor relations seem to think I still have voting rights).

From what little I've seen, some of the big shareholders want to vote against the bid, and now they've just gone into a Trading Halt today because of an impending "material announcement". Surely it has to be related to buyout. It all seems a bit weird.

Thoughts?

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AUROPAL
Added 2 years ago

I sold out my holdings after the takeover bid was recommended by the board.

If the buyout totally fails then I might look to buy in again on the SP drop as it's still a company I like and believe will continue to grow and generate a lot of cash, albeit at a slower rate than it has in the past.

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AbelianGrape
Added 2 years ago

Still no resolution on the buyout proposal. Latest announcement (yesterday) is that they have until 7pm NZ time tonight (Wednesday 15th) to come up with a new plan. I'm keenly interested (for those who remember their classic Aussie movies).

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CGTaylor
Added 2 years ago

New scheme offer with increased price now announced. NZ$1.42 per share, up 6% from the previous offer of $1.34




https://files.q4europe.com/ClientAdmin/DownloadCenter/15720157/2023-03-15-21-28-52/Pushpay%20agrees%20new%20Scheme%20offer.pdf

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AUROPAL
Added 2 years ago

I guess well done to those who held onto their shares, they've earned themselves another 6%.

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