I guess no one read my links... debt to finance dividend maybe, although not necessarily true..... considered as a sign of dividend recapitalization......It may be used, also not necessarily true.... to scare hostile takeover away.....
Ah Ha! Some one else understands me now when I said this may go hostile which is why I suspected they are making it seem sweeter to stay with current management - i.e. paying off us holders via dividend.
I'd vote for a sale if the offer was $25 or more at this point and potential buyers must know that - but like you said - this dividend deal makes the buyer pause because they don't want to be saddled with buying and then being obligated to pay the dividend.
I say screw the dividend - sell already while we can.
Seems like a pretty cocky move to go for both the large dividend & buy back at the same time. Sounds like they're putting there money where they're month is in regard to raising forecasts. Don't quite understand why the financing deal? Is there some kind of Irish tax break involved in doing it this way?