Q: Hi 5i
Currently hold a small position in DND. The Stock had a brief pop last Fridays on news of an unsolicited offer from Plantro at approximately double the previous days closing share price suggesting possible $5 SP.
What is 5i's opinion on this offer and on the possibility of it being successful?
Time frame ?
thx
Currently hold a small position in DND. The Stock had a brief pop last Fridays on news of an unsolicited offer from Plantro at approximately double the previous days closing share price suggesting possible $5 SP.
What is 5i's opinion on this offer and on the possibility of it being successful?
Time frame ?
thx
5i Research Answer:
There have been a lot of 'soft' offers for DND, with many at higher prices. This one is a little more concrete, but because some of the proposal is in notes, we are not sure if shareholders want even more debt exposure here. An all cash offer would of course be better. As such, we do not really give this offer a high chance of completion.