Article in a trade journal listing 2 Asian PE funds and a couple of Chinese pet food manufacturers. Supposedly all looking at Greencross.
Greencross worth buying at 3.50 for the takeover upside.
That aside, I thought there would be activity by now ?
The problem with a low ball offer is the blocking stake held by the founders and board.
GXL Target Price of $8.03/share, page-74
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