Despite the light offer, this is a done deal. At the last close price and end of March completion, the gross and annualised spread is 7.7% and 45.5%, respectively.
Boomeranged on Wed, 21 Feb 2024 21:55
Shareholders overwhelmingly approve the privatisation proposal. Turnout was at 75.4% of outstanding shares. Among these shareholders, 99.9% voted in favour of the proposal. There is no reference to the maximum dissenting condition being breached or the status of regulatory approvals. The current gross spread is 6.5%. The transaction should close by the end of March.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.