BSkyB shareprice at sale

Mar 02, 2011 0 Replies

When Rupert first announced his intention to but the 69% remainder of Sky that he didn't own, the shareprice was ~ £7.



The board (who I feel are in cahoots with Rupert) said they would look favourably at £8.



Well, the price is already ~£8.



As a shareholder, I expect a significant premium on a sale - after all, a growth and dividend stock is being forceibly taken from me.



I think he will have provided enough sweeteners, eg to board and significant shareholders to get to 51%, hence approval.



I feel like I'm going to get shafted.


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