I think there's some positives and negatives with this...

I think there's some positives and negatives with this announcement.

I don't think the price was much of a surprise to the market, bearing in mind everyone knew CVC was going to snap up a real bargain with MFS's options being so limited. Understandably some will be disappointed but maybe they had unrealistic expectations bearing in mind MFS's current situation.

The positive is that they have kept a reasonable chunk of MFS and with CVC a cashed up partner, MFS will reap the benefits of its growth and expansion.

And of course remember that CVC are offering $409 mil for 65% of Stella, and at its last SP, market cap was around $484 mil for the whole of MFS

That said, all eyes are on the FM side of things now. With over $5 bil in managed funds according to recent figures, I'd say somebody would be interested in taking those clients off their hands?