STOCKS TO WATCH: Is new bidder a stumbling block for Telit takeover?

stocks to watch is new bidder a stumbling block for telit takeover

Sumary of STOCKS TO WATCH: Is new bidder a stumbling block for Telit takeover?:

  • Last month, this column revealed that shareholder and former boss Oozi Cats was holding out against the £2.29½p-ashare bid from AIM listed private equity firm DBay Advisors.
  • The fund last year successfully shorted fellow e-commerce specialist Boohoo.
  • Investors await HSBC dividend news HSBC will round off the bank reporting season tomorrow with investor eyes keenly trained on its dividend intentions.
  • Chief executive Noel Quinn has indicated that the board would consider an interim dividend.
  • But the shares have underperformed against fellow British lenders and shareholders will hope Quinn can strike an upbeat note on the outlook for global economies.
  • There’s chatter that FTSE 250-listed Sanne Group may have attracted a new suitor.
  • The fund administration firm agreed to discuss a takeover approach from private equity firm Cinven at £8.75 a share, valuing it at £1.4billion, after rejecting earlier overtures.
  • Sources say one potential interloper could be SS&C Technologies, the world’s largest hedge fund and private equity fund administrator.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close