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    British Sky Broad. - Offer for Amstrad PLC

    This is a discussion on British Sky Broad. - Offer for Amstrad PLC within the Sky news and announcements forums, part of the SkyUser Announcements category; The Boards of Sky and Amstrad are pleased to announce that they have agreed the terms of a recommended cash ...

    1. #1
      NewsreadeR's Avatar
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      British Sky Broad. - Offer for Amstrad PLC

      The Boards of Sky and Amstrad are pleased to announce that
      they have agreed the terms of a recommended cash offer to be made by Sky Digital
      Supplies, a wholly-owned subsidiary of Sky, for the entire issued and to be
      issued share capital of Amstrad.

      The Offer is 150 pence in cash for each Amstrad Share,
      valuing the entire issued share capital of Amstrad at approximately 125.0
      million.

      The Offer represents a premium of approximately 23.7 per
      cent. to the Closing Price of 121.25 pence for each Amstrad Share on 30 July
      2007, the last business day prior to the date of this announcement.

      A Loan Note Alternative is being made available to Amstrad
      Shareholders (other than Restricted Overseas Persons) who validly accept the
      Offer on the basis of 1 in nominal value of Loan Notes for each 1 of cash
      consideration.

      The Amstrad Directors, who have been so advised by Rothschild, consider the
      terms of the Offer to be fair and reasonable and unanimously recommend that
      Amstrad Shareholders accept the Offer, as the Amstrad Directors have irrevocably
      undertaken to do (or procure to be done) in respect of their own beneficial
      interests and holdings (including, in respect of Sir Alan Sugar, those Amstrad
      Shares held by Amshold Limited, a company controlled by Sir Alan) representing
      approximately 27.9 per cent. of the issued share capital of Amstrad. In
      providing advice to the Amstrad Directors, Rothschild has taken into account the
      commercial assessments of the Amstrad Directors.

      Press Release here


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    3. #2
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      Re: British Sky Broad. - Offer for Amstrad PLC

      Oh God!!! Does this mean that Pace and Thompson boxes are to be phased out and all boxes will be made by Sky (Amstrad) if this goes through.

      Their build quality had better go up is all I can say.

    4. #3
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      Re: British Sky Broad. - Offer for Amstrad PLC

      Ah well, there goes what was a good system.

      Now it will all be held together with glue guns & falling off board components again....

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      Re: British Sky Broad. - Offer for Amstrad PLC

      look at the quality products they have made though
      Amstrad Products Archive
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      Re: British Sky Broad. - Offer for Amstrad PLC

      so it seems my sky + box is made by alan sugar, one more reason to smash it up and put it in the bin, it's crap already

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      Re: British Sky Broad. - Offer for Amstrad PLC

      Quote Originally Posted by SatDish View Post
      look at the quality products they have made though
      Amstrad Products Archive
      Yoursurname isn't Shama by any chance? With that list you must be a historian

    8. #7
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      Re: British Sky Broad. - Offer for Amstrad PLC

      lol no, just old enough to remember some of the products especially the spectrum
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      Re: British Sky Broad. - Offer for Amstrad PLC

      lol

      Out of that list I had:

      PCW-8256
      SRX-100
      TS-40 TOWER HI-FI
      ZX Spectrum 128k+3


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