Normal
Definitely a surprise considering that DXS already had 15% of CPA locked up. GPT took their sweet time and they could have put in the bid before DXS raise its offer. The price of 7% above NTA is also quite a premium.All in all it feels like a move that is more concerned about getting bigger, rather than a very compelling deal in its own right.GPT should have put in a left-field offer for IOF or something when it was trading at 5% discount to NTA when the DXS/CPA deal was first announced.
Definitely a surprise considering that DXS already had 15% of CPA locked up. GPT took their sweet time and they could have put in the bid before DXS raise its offer. The price of 7% above NTA is also quite a premium.
All in all it feels like a move that is more concerned about getting bigger, rather than a very compelling deal in its own right.
GPT should have put in a left-field offer for IOF or something when it was trading at 5% discount to NTA when the DXS/CPA deal was first announced.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
