RADH - Radisson Hotel Group

[Okta]

Is anyone still long Radisson?

I did not receive a payment so far and did not tender. I guess they can no longer squeeze us out at SEK42.50 now, because it took too long. 42.50 is too low.

[alwaysinvert]

Is anyone still long Radisson?

I did not receive a payment so far and did not tender. I guess they can no longer squeeze us out at SEK42.50 now, because it took too long. 42.50 is too low.

 

You are being squeezed out at this very moment. How long this process takes varies a bit, but 1-2 years is not unusual even if there is no formal dispute. You will get interest on your shares meanwhile (repo rate+2%) but the price will not increase, since the bidder achieved above 90% and called for a squeeze-out. Your best chance after not accepting the bid was selling the shares over the market before the delisting happened. At this point you can't do much except wait, eventually you will be paid.

[Okta]

If understand the law right, if the squezze out takes longer it will not automatically be at the same price. I think value is higher.

Did you mention the 1-2 years from experience? I cannot think of why it would take so long other than a court challenge.

 

For example in Austria I had some Conwert shares, that got squeezed out and I received cash (also below the market price), but there is the chance a court decides to increase the consideration which would then be payable (+ interest). In Austria you can often even the sell those rights to receive the possible higher payment.

 

If someone knows more about the usual process in Sweden: please share.

[dontdodebt]

If understand the law right, if the squezze out takes longer it will not automatically be at the same price. I think value is higher.

Did you mention the 1-2 years from experience? I cannot think of why it would take so long other than a court challenge.

 

For example in Austria I had some Conwert shares, that got squeezed out and I received cash (also below the market price), but there is the chance a court decides to increase the consideration which would then be payable (+ interest). In Austria you can often even the sell those rights to receive the possible higher payment.

 

If someone knows more about the usual process in Sweden: please share.

 

In general you will only get some extra interest rate exactly like alwaysinvert. In general it takes 1-2 years here in Sweden. Alwaysinvert is right.

 

[Okta]

Maybe some people are still interested. The resulting payment was SEK 43.45 per share per the end of April / start of May 2020.

I do not know if the court is still working on this and could decide on higher payment in the future.

 

With hindsight it would have been better to immediately sell and reinvest into the S&P. But this was more low risk.