BLD has stated that the $3B sale of North American ops would be used to enhance shareholder value.
Prior to takeover, BLD had share buyback in place, which probably helped SGH, but what would I know. Previous BLD board in announcements stated there would be a return to shareholders.
A special dividend would suit SGH to help pay off some debt, so can't see new board declaring a nice divi. Recent dividends have been between 9.5 and 13.5, but this was pior to takeover.
In light of MQB lifting holding to nearly 8%, something is brewing, and SP up 12c today. My prediction is 13.5c, plus special dividend of $1.
BLD Price at posting:
$6.85 Sentiment: Buy Disclosure: Held