Mike,
CLO as you say already owns 33%, they also have 140m cash in the bank.
CLO MD: "We are continually assessing acquisition opportunities in the space of strengthening or increasing our capacity in engineering and/or project management capability," Mr Gallagher said. "If we see the right opportunity we'll be in a position where we can act."
I think I'll take some cheap CLO and hope for a Forge takeover. It seems incredibly logical. If it were to happen it would give CLO an order book of 3bn +
Thoughts?
Disclosure: no stock in either... YET :)
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