So the appeal to the CAT is not currently open now?
Hard to argue with solid reasoning like that, so I'll head to the office
There is a timetable and it looks like weeks instead of days.
Hard to argue with solid reasoning like that, so I'll head to the office
If you want to double check your confidence level, the rules are here: Nasdaq Methodology
"In the case of mergers and acquisitions, the effective date for the removal of an Index Issuer or security will be largely event-based, with the goal to remove the issuer or security as soon as completion of the acquisition or merger has been deemed highly probable. Notable events include, but are not limited to, completion of various regulatory reviews, the conclusion of material lawsuits and/or shareholder and Board approvals."
I've got whiplash from the narrative change on the CMA not mattering to CMA being an unfair obstacle.
They almost had us fooled too, until we came to our senses and realized it was just the fanboy shill media pipering their typical warring tripe. CMA has procedures and they are sticking to them. I'm actually impressed with them compared to how the US system is a total shitshow.
As you said, ‘good lord’… But at least we got passed your original interjection that this removal was totally routine, happens every day type stuff, so was probably worth it… (it really wasn’t).
The CMA will just crumble under pressure and Microsoft will destroy or buy the UK
Dont know what the fuck is going to happen but if CMA stand their ground and this whole merger fumbles because of it .. we all own the brits a big pint of good beer
Agreed, as you said “happens all the time” when Nasdaq understands a merger/acquisition is ‘highly probable’.
A lot of the confusion can be blamed on those initial CNBC reports that the CMA approached Microsoft groveling for a deal and they reached an agreement, only for the CMA to clarify the next morning that no such thing had happened and MS was groveling. It seems that a lot of reporters are still running with the CNBC narrative which makes all of the information we are getting look so contradictory and whiplash inducing.
I believe it will be 3 judges with a 2 out of 3 needed to agree to an appeal.
And if that happens we are back at square one pushing this back to next year?
Brits love their procedures. Accelerated to them means a short tea time but still tea time.
Don't know the actual timetables but going with how clogged the courts are already, that can be a possibility.
Forget about the ftc this is about the CMA .. all stops thereHow many hours does the FTC still have?
I posted this yesterday. M&As is one of the many reasons why stocks are delisted from the index fund. Remember that this is just an index fund, not the Stock Exchange itself (which would have been the real deal).
yes, but a part of me still believes that if the ftc manages to momentarily block the deal, it's over.
Did something come out that suggests the CMA isn't willing to accept something substantially less their prior conditions?
Yes. If the FTC fails, the CMA can still block it 6 weeks later.
Not a clue. We just now know the CMA has procedures and this was not them "buckling or getting cold feet."
It does seem like that but we are really only going on what MS and ABK have said, the deal is dead if not done by the 18th.
Then what are we talking about?
This has had so many twists ups and downs etc I think it would be too easy to say it would be absolutely dead if not done by the 18th
Not necessarily. ABK and MS may have already negotiated to stay at least until Aug. 29. But we don't know whether they did or not. July 19 may bring some news.
I say we have a countdown party..
