Q: I am contemplating taking a position in AYA following the offer that Baazov has tabled today. In your view is the current price of $21 an attractive entry point or is the risk not justified?
The market's reaction seems to be one of skepticism given the current discount. Can you outline what factors may be attributing to this discount? Should one be concerned that the financing Baazov has secured is mainly from China (one participant is from Dubai)?
Finally, do you believe Baazov's pending charges will have any bearing on the ability for the deal to go through? Thanks!
The market's reaction seems to be one of skepticism given the current discount. Can you outline what factors may be attributing to this discount? Should one be concerned that the financing Baazov has secured is mainly from China (one participant is from Dubai)?
Finally, do you believe Baazov's pending charges will have any bearing on the ability for the deal to go through? Thanks!