Not sure if it's related, MYOB's half year result is being announced on 21st February.
They'd definitely be in search of another higher bidder....and two factors come to my mind:
- they have had multiple bidders in the past in their last takeover. Sage lost out and that's a huge player with significant interest in Australian markets.
- International market has recovered a lot since KKR reduced their offer.
However, the chances of someone else bidding higher than 3.40 or KKR raising offer are low.
if any of the above is the case, then some inside buying might be going on.
it will soon be clear in two weeks.
MYO Price at posting:
$3.42 Sentiment: Sell Disclosure: Not Held
