Nordax/NOFI: Best and Final Offer
Nordax Bank AB further raised its offer to acquire NOFI to NOK 105/share, just 1.9% above my prior TP. Gross spread is 1.9% (should be c. 6%...
Nordax Bank Sweetens Its Bid for Norwegian Finans
As previously highlighted, Nordax has sweetened its offer. Long NOFI, TP NOK 100 (10.8x P/Fwd E and 1.7x P/Fwd BV). Gross spread is 1.5%, with...
Norwegian Finans Holding - Nordax Bank: Let the Negotiations Begin
Norwegian Finans's board of directors has not rebuffed the offer. Negotiations will involve a higher offer, in my view. Shares are trading on...
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