Contrasting Nomura's DEEP pockets (see neo's post a couple back) with DWS the merits of a DWS acquisition of SMX may become moot: If Nomura wants it Nomura gets it.
I too am concerned about the stretching of DWS's resources, specifically the balance sheet and people, regarding this deal. However, Nomura's arrival does seem to validate the worth, utility, and growth potential of SMX. Therefore IF DWS get SMX I now think it wouldn't be that dire. SMX may just be worth it. Nomura, though huge, thinks so.
OV
PS My sentiment has gone from buy to hold because the one analyst (Ord Minnett(?))thinks DWS is fully valued. (Maybe it was this valuation "wall" thatDWS recognized and hoped to address with the SMX offer?)
DWS Price at posting:
$1.57 Sentiment: Hold Disclosure: Held
