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$1.44 zenitas healthcare limited

Funnymental lets hope this breaks your run. Interesting that it...

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kdwc

1,909 Posts.

298

03/09/18

12:22

Post #: 35373182
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Originally posted by funnymental ↑

Interestingly the China Health representative on the board voted in favour of the scheme, although by voting in the affirmative, they've effectively locked in a very low 3-month VWAP, which makes the offers 40.3% premium look very attractive, although in my mind the offer looks opportunistic and undervalues the company.

So I wouldn't rule out a counter-offer, as I believe there's plenty of wiggle room and China Health may yet come over the top.

In saying that, I've been involved in 10 takeovers in the past couple of years and the first offer has always been the last.

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Funnymental
lets hope this breaks your run. Interesting that it is trading at $1.425, up 1 cent- seems others think that another bid could arrive.

ZNT Price at posting: $1.42 Sentiment: Hold Disclosure: Held
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0 Great analysis

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