Q: Please comment on the offer. What is the likelihood of a better offer than $3.10 per share coming forward? Do you recommend selling shares now, or waiting?
Thanks
Thanks
5i Research Answer:
It is a tough call; we would consider it a fairly low offer but at the same time there may be few other parties interested. We would HOLD for now. Champion Homes (19.7%) and management (6.3%) support the deal, which will likely limit the number of parties who would want to engage in a bidding war with Warburg.