Q: Do you like FN deal? Would you sell now or hold till the deal is finalized? Suggestions on potential replacements would be appreciated
5i Research Answer:
In the same sector, EQB might be a good replacement. Mr. Smith (who owns much of FN) has been buying shares. CLS, BN can also be suggested for replacements. With a decent cash takeover premium, we doubt any other parties get involved. We would be OK holding for a short period, but would be fine selling for other opportunties in due course.