oakes takeover reaction? , page-2

I sold all my Oaks shares today and used the proceeds to acquire RFG after I saw it had fallen by 10%.

Minor International, who has also made a takeover offer for Oaks, is a listed Thai company that owns the IP for a number of franchised food outlets- including the Coffee Club in Australia- as well as operates Service Apartments.
So, its been done successfully.


The Fact is RFG is paying 5x EBITDA, which is cheap and the acquisition will deliver eps accretion of 15% to 25%

Collin Archer, who is a Director of both Oaks and RFG, probably engineered this deal. So, RFG have management who understand how Oaks work, which minimises the risk.