Yes, now would be a great time for a bidder to emerge.
Management has given a blueprint of how they'll spend $600m to revitalise the group. Private equity might think they could do the same thing for $200m, which is the equivalent of the price fall today.
Someone lobbing in a bid at $1.30 would probably get the company.
MYR Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
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