WHG has had earnings difficuties since at least five years ago and a number of players have been suggested to previously be trying to run the ruler over it without a deal. Pacific Equity Partners, possibly BT and now SFW. If SFW made its bid in October 2012 why is there still no deal? There is a risk the takeover could fall over and the dividend does not look sustainable.
WHG may well be taken over at some point but maybe a 60c share price may make it more attractive given its earnings downgrades.
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