Thank you for thinking about the best for the club Moores.

[Dhav]

What and you're happy with their boasts of carrying out due diligence in just 3 days and that Gillet and Hicks got their plan together last week after an NHL game? Their words, not rumours.
But you're right, most including me don't know the details of either deal just what we read, we can still have an instinct that something seems odd though!

You could equally be unhappy with DIC missing the 22nd December 2006 deadline that they supposedly agreed to have due dilligence completed and formal offer made (if you believe the newspapers)

I'd be a hell of a lot more unhappy over due diligence being completed in 3 days than it overunning by 2 weeks. Prudent business people conduct thorough due diligence. I'll let you decide what kind of people complete it in 3 days.

[matycowling1007]

The reason i wanted to know was because iv read moores is worth £1.5b and Gillet only $900m

[Lecter]

No we don't, but from what we do know there are certain assumptions we can make.

I for one am most disappointed at how we have been taken for a ride by Parry over this whole investment thing and then been told just to trust the board. And with their track record, there is no way they should be taking our trust for granted.

You are completely blaming the board for DIC pulling out

Other articles have stated differently

In reality the blame probably lies somewhere between the two parties arguments

I certainly dont think DIC re as much the injured party as they have claimed

[Lucky]

You could equally be unhappy with DIC missing the 22nd December 2006 deadline that they supposedly agreed to have due dilligence completed and formal offer made (if you believe the newspapers)

Yes, and we can both speculate that the reason they didn't make a formal offer by the deadline was because they were warned shareholders may oppose them knowing gillett would come in and offer more money for their shares. Neither you nor I are on the board, we're just speculating.
I can't believe that you're happy though that Gillett is allegedly paying £5000 per share?

[Dhav]

You are completely blaming the board for DIC pulling out

Other articles have stated differently

In reality the blame probably lies somewhere between the two parties arguments

I certainly dont think DIC re as much the injured party as they have claimed

I'm not completely blaming the board, but I wouldn 't mind betting it is mainly down to them. DIC are serious business people, they have successfully completed multi-million pound deals, they don't have time to be jerked around.

[Lecter]

I'd be a hell of a lot more unhappy over due diligence being completed in 3 days than it overunning by 2 weeks. Prudent business people conduct thorough due diligence. I'll let you decide what kind of people complete it in 3 days.

It actually over ran by 1 month

Thats 1 month after the agreed formal offer date

As I said I dont blame DIC but I dont blame the board too much either

As someone who is involved in the business / trading world deals can and do break down sometimes for no apparent reason - thats life and you have to pick yourself up dust yourself off and get on with it

[thesilverfoxlfc]

Maybe DIC see Arsenal as a better prospect

[lfc4ever]

The reason i wanted to know was because iv read moores is worth £1.5b and Gillet only $900m

The Moores family is worth that, but not David Moores.

[Dhav]

It actually over ran by 1 month

Thats 1 month after the agreed formal offer date

As I said I dont blame DIC but I dont blame the board too much either

As someone who is involved in the business / trading world deals can and do break down sometimes for no apparent reason - thats life and you have to pick yourself up dust yourself off and get on with it

Can't argue with that. But I do find it somewhat perplexing how the board dusted themselves off extremely quickly from the DIC deal collapse and straight away jumped into bed with Hicks and Gillett.

[CharlieMansonsSquint]

Thanks Davie. Tried your best.

Getting Rafa the gaffer was your best act as chairman. Sacking Noel White wasn't too shabby either.

Glad this takeover stuff seems to be sorted.

[lfc4ever]

Folks, can we keep this to a Thank You for Moores thread please, and not let it degenerate into another long winded investment thread.

I thank you.

[Dhav]

Maybe DIC see Arsenal as a better prospect

Really? Surely they would cost a lot more than we would?

[Shaggy]

Folks, can we keep this to a Thank You for Moores thread please, and not let it degenerate into another long winded investment thread.

I thank you.

I was honestly just about to say the same thing. There's enough DIC/Gillett threads as it is.

[Lecter]

Yes, and we can both speculate that the reason they didn't make a formal offer by the deadline was because they were warned shareholders may oppose them knowing gillett would come in and offer more money for their shares. Neither you nor I are on the board, we're just speculating.
I can't believe that you're happy though that Gillett is allegedly paying £5000 per share?

My happiness has nothing to do with it though

It happens in business though sometimes people outbid you thats a fact of life, theres no right nor wrong in it. The buyer sets the buying levels opinion on whether thats too high or low matter little. For your information the current trading vale is in the regio of £3500 per share a premium price is ALWAYS paid during a takeover

Listen I think DIC was presented as a good deal but lets be honest there where things mentioned that got a few people worried (the document stating they would sell on within 7 years for a start)

Neither you nor I can do nothing to stop it Gilletts come in and to be honest I'm not even sure he is the major player. I think Hicks has made the difference

I've heard plenty of rumours over the last few days (my wife works in a Liverpool financial firm) and if even half of them where true DIC are as much at fault for this going.

[thesilverfoxlfc]

Really? Surely they would cost a lot more than we would?

Well they already got the stadium built not all paid for of course but they are already making money back from it. Their sponsored by Emirates with the Jersey and Stadium and might see Arsenal as a better prospect and of course the London factor too.