British Sky Broad. - Offer for Amstrad PLC

[NewsreadeR]

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

[Undecided Adrian]

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.

[mattylad]

Ah well, there goes what was a good system.

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

[SatDish]

look at the quality products they have made though
Amstrad Products Archive

[PeteC]

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

[aspect]

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

[SatDish]

lol no, just old enough to remember some of the products especially the spectrum

[NewsreadeR]

lol

Out of that list I had:

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