I think MOD is trading about where you’d expect, given SFR share price has come off a lot in recent weeks. Cashmeoutside’s posts on the other thread have a good explanation of this, which I will try and copy below. There is always a risk the deal won’t complete so MOD trading at a 10% discount is probably about right, though I’d expect that to close as we near completion (assuming SFR recovers price wise).
Why no-one seems interested in this stake building by MUFG and Credit Suisse is beyond me tho!
MOD Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held