Q: Hi,
Is $24.75 a fair price for KEC takeover? Other bids possible at a better price ?
Is $24.75 a fair price for KEC takeover? Other bids possible at a better price ?
5i Research Answer:
We would not say it is a 'great' price, but the deal does have support of 79% of current shareholders. While another party coming in is always a possibility, we would consider the odds of such quite low, less than 5% at this point.