Nws Holdings

NWS Holding (659 HK): Offer Opens with NWD Vote on 2 November

1.1k Views12 Oct 2023 22:38
NWS shareholders who accept will also receive the final dividend. The key condition is NWD shareholder approval. We think the deal gets up. At the last close, the gross spread was 4.3%.
Boomeranged on Thu, 2 Nov 2023 18:27
NWD shareholders overwhelmingly approved the two ordinary resolutions at the EGM. Therefore, the offer will be declared unconditional on 9 Nov, and the first closing date will be 13 Nov. At the last close, the gross and annualised spread for the 20 Nov payment is 1.7% and 39.9%, respectively.
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Arun George
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