Thinking about selling out before take-over, is my thinking accurate?
The way I see it this could go three ways.
1) Deal doesn't proceed -> significant share price drop (unlikely)
2) Deal proeedes -> $3.75 per share plus c. 10c per share franking credits if special dividend is paid (likely)
3) Deal doesn't proceed -> higher offer received (unlikely)
Seems like selling now would protect from any downside risk and but I would miss out on ~5% return including franking credits if deal was to proceed. Have I got that right?
LHC Price at posting:
$3.62 Sentiment: Hold Disclosure: Held
