F & C Asset Management Shares

[grandpajoe]

! have a few shares in F & C and yesterday I received a large pamphlet telling me that they had been taken over. There was however NO guide as to what I should do! I do need advice as I am a bit numb when it comes to this sort of thing. If I was savvy I would not have sold me NEXT shares for 40p having bought them at 20p so you see why I need help!! HELP Chris

[Buenchico]

F&C hasn't yet been taken over but the board has recommended that shareholders accept the 120p per share offer from Bank of Montreal. (However there's a possibility that further bids might still be forthcoming).

Even so, based upon the performance of F&C shares over the past year, 120p seems to be a reasonable offer to me:
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB0004658141GBGBXSTMM

[dzug2]

I don't think you need do anything

You will I think get the chance to vote on what I think is still a proposed takeover. There will be more information then - but no one will tell you what you should do - the company isn't allowed to give advice.

[andres]

The Bank of Montreal has made a takeover bid of several millions.The share price of F&C is now on the increase . The takeover bid has yet to be approved by the shareholders so you will have to make up your mind on which way to vote. I think Feb24/14 is the deadline so you should be getting a voting form any time now. You can check on the offer price and accept it or sell your shares now if the share price is more advantageous. I have shares myself in various companies but none in this one so I 'googled' F&C. and got this information.

[kjn2]

Its an indicative offer so no document to complete yet, BMO have until the 24th Feb to make the offer which as at today price is based on a premium price of 28 per cent. Until the offer is confirmed no action required by you. If offer agreed document will ge sent to you for completion and return , watch out for closing date re sending form back. There will be a clause in the offer of the minimum percentage of acceptance required for the take over to be accepted. Not knowing how much you paid per share cant comment on accept or decline offer, only you can make that decision. Good luck.

[grandpajoe]

Thanks for that folks Chris

[argonasset]

i agree with dzug2. I don't think you need do anything
You will I think get the chance to vote on what I think is still a proposed takeover.