AHG & AP Eagers - Even Smarter Carma
In my prior insight, I suggested "adjusting the terms to 3.5-3.6 AHG shares for every APE share - or $2.41-$2.47/share based on APE's last close -...
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Tie-Up Shifts Car Dealerships into Top Gear
Cost savings, added scale, and brand diversity will help AP Eagers Ltd (APE AU) navigate the challenging auto retailing environment.We expect the...
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AHG & AP Eagers - Smart Carma
On the 5 April, Ap Eagers Ltd (APE AU)announced an unsolicited conditional all-scrip Offer for 28.84% held Automotive Holdings (AHG AU). The 1 APE...
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APE-AHG Merger: Value Accretive but AHG Shareholders Need Improved Terms
On 5 April, Ap Eagers Ltd (APE AU) announced that it had lobbed an unsolicited all-scrip takeover for Automotive Holdings (AHG AU)/AHG. Under the...
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Not Much Fun In Leisure; Ardent Leisure Undervalued While Event Hospitality Worth Monitoring
Leisure companies under our coverage endured a torrid reporting season, with average fiscal 2017 first-half EBITDA fall of 15% from a year ago. The...
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