I had some stuff from Lloyds TSB in the post this morning about the 'Recommended Cash Offer' from Telefonica. Looks like I'm being invited to sell my few hundred shares for 200p. Although that's "...22% over the closing price of 164.25 on 28th Oct...", I see current price is about 196. So is the sensible thing to do nothing. Hope someone with more knowhow can give me some informal advice please.
Informally, if there was going to be a higher offer it would probably have emerged by now. The current price factors in the offer - it went up to (about) that figure when the offer was published.
The standard advice is to hold off until just before the deadline, in case another bidder arrives. If not, accept, it may mean you get your money quicker.
Tiddy Ogg.
OK, thanks both.
I think this is pretty much a done deal isnt it so you are really left with no choice but to sell.
Remove antispam and add 670 after bra to email
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