Duben's firm Oakley hungry for Ed's Easy Diner - part 3

I have been wondering what happened to the Ed's Easy Diner sale process since I wrote my last piece about a potential deal "moving closer to completion". Here is a link to that article in case you haven't seen it:

http://betaville123.blogspot.co.uk/2015/12/dubenss-firm-oakley-hungry-for-eds-easy.html

Clearly, there has been no deal since I wrote that article in December 2015 and I pride myself in publishing accurate stories, so I have been investigating the situation.

Damp squib?

If Elliott Advisers voted against today's Scheme of Arrangement to take Prezzo private, then it looks like the American hedge fund lost out by a small margin.

According to today's press release, just over 20pc of Prezzo shareholders voted against the Scheme (typically, you need 75pc approval from shareholders).

Elliott raises Prezzo stake to almost 14.5pc - yikes!

I think the Prezzo shareholder vote scheduled for this Friday at Olswang's offices is about to get rather fruity. Secretive hedge fund group Elliott Advisers has just now declared it owns a stake of almost 14.5pc in Prezzo and word is the fund was trying to gobble up more stock in the market today. Here is a link to Elliot's declaration:

http://www.investegate.co.uk/prezzo-plc--prz-/rns/holding-s--in-company/201501061608454566B/