In today’s briefing:
- S&P ASX Dec 22 Rebalance: MND Is the Top Pick
- Expect Bigtincan To Reject SQN’s Proposal
S&P ASX Dec 22 Rebalance: MND Is the Top Pick
- The index changes for the S&P ASX Index family for the December 2022 Rebalance were announced after the close on Friday 2nd December 2022.
- There will be one ADD/DEL for the ASX 50 index and one ADD/DEL for the ASX 200 index.
- In this insight, we take a closer look at our expectations for index flows and potential trading ideas.
Expect Bigtincan To Reject SQN’s Proposal
- Software provider Bigtincan Holdings Ltd (BTH AU) has announced an indicative proposal, by way of Scheme, from PE outfit SQN Investors at A$0.80/share, a 17.6% premium to last close.
- Due diligence has not yet been afforded. SQN currently holds a 13.6% stake.
- BTH also highlighted it has had preliminary discussions with other interested parties. Expect BTH’s board not to engage with SQN at this price.
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