Thanks, that explains it. At the current trading of 52c that would be 9.6% return if counting the grossed up franked portion of the proposed 5c dividend. With the risk the scheme does not go ahead and potential upside if higher bidder comes out.
With RXP's current gov't contracts, Cap Gemini would be in an excellent position to use those to leverage more work. Seems Gov't love to give IT contracts to multinationals as they see it as less risk despite the history of always been done over. No brainer for Cap Gem at the price, would just depend if there is another organisation in the same position to make a higher offer.
RXP Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
