The GER Weekly Events Wrap: Softbank, Graincorp, Trade Me and Familymart/Don Quijote
Below is a recap of the key event-driven research produced by the Global Equity Research team. This week we dig into the underlying returns at...
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Graincorp Redux: LTAP's Offer May Necessitate A Bump
Almost five years to the day since then-treasurer Joe Hockey shot down Archer Daniels Midland Co (ADM US)'s $12.20/share Offer ($13.20/share...
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GrainCorp (GNC AU): Hard to Say No to LTAP
Graincorp Ltd A (GNC AU) revealed that it received a non-binding indicative offer from the Long Term Asset Partners (LTAP) consortium. The all-cash...
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PGW And A Question of Character
Elders Ltd (ELD AU) announced it has not "made any definite proposal" to acquire Pgg Wrightson Ltd (PGW NZ). Speculation in PGW has gathered pace...
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Lifting GrainCorp's FVE, but Shares of the No-Moat Firm Look Fairly Valued
We’ve increased our fair value estimate for GrainCorp Ltd (GNC AU) to AUD 8.70 per share from AUD 8.50 due to the time value of money. We view...
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