12-22-2017, 02:44 PM
(12-22-2017, 12:51 PM)Chrambo Wrote: Cheap option, hoping he does well to then give him it full time.
Anyone know what this is about - https://www.scotcourts.gov.uk/docs/defau...f?sfvrsn=0
He (along with his partners) bought over 30% of Rangers, so they're obliged to make an offer for the remaining 70% under takeover rules. This is a court order obliging him/them to make that offer.
From what I understand, the offer should be 20p a share, which leads to the £11m figure. One of his counsel's arguments was "lol why even bother; no Berrz shareholder will accept an offer of 20p a share anyway", so that suggests King won't be going bankrupt just yet. If you hold shares in Rangers, you probably don't want to sell to a guy who's saying "I can't afford this lads; I'm being forced to offer you this."



that was surprisingly easy .... once I'd tried every fucking option!
![[Image: t2yq3lml.jpg]](https://i.imgur.com/t2yq3lml.jpg)