"Mr Smith (from Bell Potter) said there was speculation that private equity interests could offer $4.30 per CSR share in a takeover offer, which he expects will come sooner rather than later.
"But $4.30 will not be enough," Mr Smith said, citing past media commentary stating that CSR could generate "an enormous" internal rate of return and a break up price above $5.50 a share.
"A large buyer could easily sell off the building and aluminium divisions and concentrate on sugar if they wanted," Mr Smith said.
CSR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
