Takeover Panel raps BET
Saturday 13 April 1996
The announcement from BET on Thursday valued Rentokil's revised offer at 209.8p a share, excluding a promised dividend of 4p, and claimed that it represented an increase of just 1.1 percent over the previous night's closing price. The Panel executive said it was "not satisfied that this was a valid comparison to have made because an offer value ex the BET dividend was compared with a BET share price which was cum all future dividends." BET has already forecast a final dividend of 3.7p for last year, which is deemed to be included in its share price.
Had the comparison been made between Rentokil's increased offer and BET's share price prior to the the announcement of the new offer the increase would have been 3.01 per cent, the Panel said. It called on BET not to make further comparisons based on the value of Rentokil's increased offer excluding the BET dividend.
- 1 Joan Rivers: 'Palestinians deserve to be dead'
- 2 Perez Hilton apologises for Jennifer Lawrence nude photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Isis terror threat: Leading British Muslims issue fatwa condemning terror group
Israel-Gaza crisis: YouTube footage shows scale of destruction after 50 days of shelling
iPhone 6 'hidden code' could indicate sharper screens or bigger phones
Ebola virus: It's ripped through towns – now the deadliest ever outbreak of the virus is heading for Africa's teeming cities
Perez Hilton apologises for Jennifer Lawrence nude photo leak
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
iJobs Money & Business
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28 - 32k + Uncapped Commission: Guru Careers: A Business Development Manager ...
£40000 - £70000 per annum + Bonus+Benefits+Package: Harrington Starr: C# .NET ...