SFH specialty fashion group limited
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Takeover-advanced discussions

  1. natnicnak
    2,147 Posts.
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    07/02/17
    21:31
    Post #: 22439597
    We warned of this, repeatedly!


    http://www.copyright link/street-ta...in-takeover-talks-sources-say-20170207-gu7m4s

    Specialty Fashion Group is in advanced discussions with an offshore suitor, lender sources told Street Talk on Tuesday night.

    Street Talk can reveal the value fashion retailer has received a $165 million [including through-the-cycle debt] takeover offer from a Middle Eastern financial conglomerate with a South African link.

    The offer price of 70¢ a share has been pegged at a 35 per cent premium to the last close of 52¢.



    Read more: http://www.copyright link/street-ta...lks-sources-say-20170207-gu7m4s#ixzz4XzhLehe9
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    SFH Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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