SEQ 1.35% 37.5¢ sequoia financial group ltd

True.But the worst case (in my mind) is:- Current buyer pulls...

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  1. 3,617 Posts.
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    True.

    But the worst case (in my mind) is:
    - Current buyer pulls out. SEQ nets ~$3.5m minus costs
    - Business is resold. Probably similar price, but for 100% of the biz (remembering there were multiple bidders)

    Even if you assume a sale price of $35m for 100% of Morrisons, the market value certainly does not price this in.
 
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