CSR (CSR AU): Saint-Gobain’s Binding Proposal at A$9.00
The offer is attractive and represents a 15-year high. At the last close and for a mid-June payment, the gross/annualised spread is 7.4%/28.8%.
CSR (CSR AU): Saint-Gobain’s Non-Binding Proposal at A$9.00
Shareholders should be supportive as the offer represents a 15-year high. The timing of a binding agreement is the key risk.
Boral (BLD AU): Seven Group (SVW AU)’s Carrot and Stick Offer
While the low offer premium could deter acceptances, SVW aims to spur acceptances by warning it will delist BLD and not pay dividends for the...
Smartkarma: ECM Coverage Weekly Update (9 December 2017)
The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs. IPO activity for the...
Wagners IPO: At the Sweet Spot of Queensland Infra Spending
Wagners, a leading construction material player in Queensland, Australia, is listing on the ASX in a total offering of USD 150m. In this insight,...
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