Chilled & Frozen Logistics (9099 JP): Pass The🍿as the Board Responds to AZ-COM Maruwa (9090 JP)

662 Views10 Apr 2024 22:10
Expect several rounds of Q&A and a delay to the tender start. AZ-COM Maruwa could eventually bump closer to the May tender start. However, as shares are 9.8% above terms, we would take profits.
What is covered in the Full Insight:
  • The hostile offer from AZ-COM Maruwa
  • C&F’s board fires back with questions
  • Implications of the potential transaction
  • Factors supporting unchanged terms
  • Factors supporting a bump
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