They note risk given the size of the acquisition (and ongoing auditor opinion), but also potential for the acquisition to be highly accretive for EPS.
The acquisition is 1/4 of its market cap, but clearly the potential is there. Sales growth and potential integration saving costs not factored in. I'm sure UBS didn't increase their shareholding for nothing. They benefit from buying more shares and now can take up all their entitlements at $10.
WEB Price at posting:
$11.10 Sentiment: Hold Disclosure: Held
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