But Bain was just being opportunistic. I remember on UWL there were multiple TO offers. BAP has a great business...that has had a few things not go as well as expected. Hopefully with this new management (third attempt!!) Angus can steady the BAP ship and push it forward again. But this will take 1-2 years before it is reflected in the SP (IMHO).
In the short term.....another TO offer will be the only thing to push the SP up. Maybe Bain will put forward a realistic offer. And like UWL, maybe other players will come out and make offers. A super fund like Aware super love these cash generation businesses. Fingers crossed!
BAP Price at posting:
$5.07 Sentiment: Hold Disclosure: Held
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