And then another set of news from Steinhoff, I saw somebody calling it "third time lucky". What? In the falling away from the Darty deal, in which FNAC prevailed, Steinhoff owned so many shares and were bought out at the higher level. Meaning that shareholders extracted a pretty sizeable and unexpected gain. So why would that be considered "unlucky"? Anyhow, Darty is gone, the group are making a go for a smaller UK listed company called Poundland. The first announcement is where Steinhoff "confirms that it is considering a possible offer for the entire issued share capital of Poundland."
Steinhoff have been busy, in a further announcement - Statement Regarding Possible Offer for Poundland Group PLC. The company points out that they already own 22.78 percent of Poundland. They will no doubt announce an all cash offer soon.