VH - this news was announced today at 15.51 pm for AZZ and i dont think the market had time to digest the news with relation to SEA. i know i didnt read it. CASH OFFER WITH NO CONDITIONS PRECEDENT. THATS WHATS CHANGED PEOPLE. sea's land holdings are the equal or better than azz. sea is a takeover target thats fact and people buying around these levels might get a 3 to 5 bagger short term.
frosty
AZZ news today at 15. 51 pm
A Summary Of The Key Highlights Of The Transaction Include:
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Northern Star gross pretax sale proceeds 148,788,560 USD cash payment only
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Big Star gross pretax sale proceeds 105,069,420 USD cash payment only
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No conditions precedent
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Closing date on or before 30thNovember 2015
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Private Equity purchaser
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Effective date 1st September 2015
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Shareholder meeting information to be announced in due course
For further information please contact:
James Cruic
SEA Price at posting:
24.0¢ Sentiment: Buy Disclosure: Not Held
