Morrisons shares. Next step?

bigfer

Following the takeover of Morrisons, what will happen to my shares? I am away from home at the moment, so I do not have access to my post. Should I be doing something? TIA

eskbanker

Your shares will be purchased by the new owner - I don't know the administrative details of exactly how/when, etc, but your broker should be able to advise?

bigfer

At what price would they purchase them? 

eskbanker

bigfer said:

At what price would they purchase them? 

The offer accepted yesterday is £2.87.

[Deleted User]

Hi,

seems the vote was yesterday,

"Morrisons shareholders will get to vote on the £7.3billion ($10billion) takeover offer from US private equity group Clayton, Dubilier & Rice (CD&R) on 19 October".

"CD&R wins auction with 287 pence per share bid".

eskbanker

The offer was accepted by 99.2% of shareholders - OP, do you hold 0.8% by any chance?

bigfer

eskbanker said:

The offer was accepted by 99.2% of shareholders - OP, do you hold 0.8% by any chance?

I'm not sure. I'll check with my Zurich bank.

MX5huggy

eskbanker said:

The offer was accepted by 99.2% of shareholders - OP, do you hold 0.8% by any chance?

I hope not, think I would be slightly more clued up on where a cheque for £58.4 million was going to get posted to. 

bigfer

MX5huggy said:

eskbanker said:

The offer was accepted by 99.2% of shareholders - OP, do you hold 0.8% by any chance?

I hope not, think I would be slightly more clued up on where a cheque for £58.4 million was going to get posted to. 

It's ok. My next door neighbour has a key.

EthicsGradient

The timetable says the proceeds of the sale should be sent to you (by cheque, if you hold paper certificates, credited to your account if held electronically) around the 10th November. There shouldn't be anything you need to do (and there's nothing you can do to keep them instead, I believe - an agreement to sell that large gives them the right to make it compulsory).

bigfer

Thanks to all. I converted the shares from paper to online a couple of years ago. I never trusted the Woodfords next door anyway.