There is a “No-Talk, No-shop” provision in the signed deal...

There is a “No-Talk, No-shop” provision in the signed deal between LNK and Mitsubishi which prevents LNK from seeking a higher bid. But potential buyers would know by now that LNK is there for the taking. LNK shareholders need to flash out at least one more serious bidder and that would ensure LNK will be sold at a decent price. The half year results due next month will give potential bidders a good picture on LNK’s growth prospects. Assets owned by LNK are rarely available and pricing is dramatically undervalued. 8.5 times FY23 EBITDA, 7.7 times FY24 EBITDA and 7 times FY25 forward EBITDA! You cannot be serious!