Log in
Register
Menu
Log in
Register
Home
What's new
Latest activity
Authors
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
What's On, Transponder and channel support
Daily Transponder News and Updates
BSkyB extends Amstrad offer
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Satdude" data-source="post: 421107" data-attributes="member: 175600"><p>BSkyB extends Amstrad offer </p><p></p><p>Pay-TV company BSkyB has extended its £125 million offer for set-top box maker Amstrad.</p><p></p><p>In a statement today the broadcaster announced that Amstrad shareholders would now have until September 4th to accept the proposed takeover.</p><p></p><p>An initial offer period expired yesterday, with BSkyB revealing that as at 15:00 BST it had received the backing of investors who own approximately 85.9 per cent of Amstrad's share capital.</p><p></p><p>BSkyB, part of Ru'pert Murdoch's broadcast media empire, announced plans last month to acquire electronic hardware-maker Amstrad, which was founded in 1968 by Sir Alan Sugar – star of BBC1 show The Apprentice.</p><p></p><p>The takeover target currently designs and develops about 30 per cent of BSkyB's set-top boxes, which make up more than three-quarters of Amstrad's revenue.</p><p></p><p>BSkyB hopes that its planned acquisition of the manufacturer will give it greater control over product design. </p><p></p><p>However, despite the majority of Amstrad shareholders appearing to favour BSkyB's bid, the takeover is set to come under regulatory scrutiny.</p><p></p><p>The Office of Fair Trading has signaled its intention to examine the proposed deal due to the existing close relationship between BSkyB and Amstrad.</p><p></p><p>Commenting on the planned takeover last month, BSkyB chief executive James Murdoch stressed that his company and Amstrad had a "long and positive" relationship.</p><p></p><p>"The acquisition accelerates supply chain improvement and will help us to drive innovation and efficiency for the benefit of our customers," he explained at the time.</p><p></p><p>Regards Satdude.</p></blockquote><p></p>
[QUOTE="Satdude, post: 421107, member: 175600"] BSkyB extends Amstrad offer Pay-TV company BSkyB has extended its £125 million offer for set-top box maker Amstrad. In a statement today the broadcaster announced that Amstrad shareholders would now have until September 4th to accept the proposed takeover. An initial offer period expired yesterday, with BSkyB revealing that as at 15:00 BST it had received the backing of investors who own approximately 85.9 per cent of Amstrad's share capital. BSkyB, part of Ru'pert Murdoch's broadcast media empire, announced plans last month to acquire electronic hardware-maker Amstrad, which was founded in 1968 by Sir Alan Sugar – star of BBC1 show The Apprentice. The takeover target currently designs and develops about 30 per cent of BSkyB's set-top boxes, which make up more than three-quarters of Amstrad's revenue. BSkyB hopes that its planned acquisition of the manufacturer will give it greater control over product design. However, despite the majority of Amstrad shareholders appearing to favour BSkyB's bid, the takeover is set to come under regulatory scrutiny. The Office of Fair Trading has signaled its intention to examine the proposed deal due to the existing close relationship between BSkyB and Amstrad. Commenting on the planned takeover last month, BSkyB chief executive James Murdoch stressed that his company and Amstrad had a "long and positive" relationship. "The acquisition accelerates supply chain improvement and will help us to drive innovation and efficiency for the benefit of our customers," he explained at the time. Regards Satdude. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
What's On, Transponder and channel support
Daily Transponder News and Updates
BSkyB extends Amstrad offer
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top