I have been pondering how to realise the value inside CSE...
What about if SYR made a takeover offer for CSE?
- The price could be at an attractive price, giving full value for the SYR shares.
- For CSE holders the discount built into the current price would be removed and we would be on a pure SYR ride.
- There could be capital gains relief, something we will not get if CSE sell the shares on market.
- This would mean SYR get the other CSE assets for free, which could then be spun out with some of the other SYR assets into a separate company.
I write this while both companies are in a trading halt so something may change the situation, but does anyone have comments on the above idea? No dramas if it gets torn apart, just wanting to float an idea.
Cheers
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