AGM today and starting to tick up.



http://www.mediwatch.com/

What will be the offer 10-15p to have a chance of going through!

Hi banjo....


Laborie Medical Technologies Europe Offer for Mediwatch plc


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TIDMMDW

RNS Number : 2254T

Laborie Medical Technologies Europe

18 November 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY RESTRICTED JURISDICTIONS OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For immediate release

18 November 2013

Laborie Medical Technologies Europe Limited

Recommended Cash Offer for Mediwatch plc

(to be implemented by way of a scheme of arrangement

under Part 26 of the Companies Act 2006)

Highlights

-- The Laborie Board and the Independent Directors of Mediwatch are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Mediwatch by Laborie which is to be effected by way of a scheme of arrangement under Part 26 of the Companies Act between Mediwatch and its shareholders.
-- Under the terms of the Acquisition, Mediwatch Shareholders will receive:

for each Scheme Share 6 pence in cash

-- The Acquisition values the Fully Diluted Share Capital of Mediwatch at approximately GBP8.48 million and represents a premium of approximately:

o 118 per cent. to the Closing Price of 2.75 pence per Mediwatch Share on 17 October 2013 (being the last business day prior to the commencement of the Offer Period) and a premium of 45 per cent. to the highest closing price since 17 October 2013 being 4.13 pence;

o 141 per cent. to the average Closing Price of 2.49 pence per Mediwatch Share over the 90 day period up to and including 17 October 2013 (being the last business day prior to the commencement of the Offer Period);

o 140 per cent. to the average Closing Price of 2.50 pence per Mediwatch share over the one year period from 18 October 2012 up to and including 17 October 2013 (being the last business day prior to the commencement of the Offer Period); and

o 133 per cent. to the average Closing Price of 2.58 pence per Mediwatch Share over the two year period from 18 October 2011 up to and including 17 October 2013 (being the last business day prior to the commencement of the Offer Period).

That was a bit of luck?....