Randy Lerner Over The 90%
Statment from the official site:
RAL has now received valid acceptances of the Offer in respect of more than 90 per cent. of the Aston Villa Shares to which the Offer relates.
Accordingly, RAL has today issued notices under Schedule 2 to the Takeovers Directive (Interim Implementation) Regulations 2006 to those Aston Villa Shareholders who have not already accepted the Offer, informing them that it now intends to exercise its rights to acquire compulsorily all the Aston Villa Shares outstanding at the expiry of the requisite notice period.
In the meantime, the Offer remains open for acceptance.
This announcement should be read in conjunction with the Offer Document dated 14 August 2006. Terms used in this announcement shall have the meaning given to them in the Offer Document.