bullish

Benesse (9783) - Tender Offer To Launch; No Change in Terms (¥2,600/Share)

551 Views29 Jan 2024 17:24
Benesse is launching unbumped despite trading through terms for 2mos. Nobody reported 5%. Nobody appears to have shown righteous indignation. It is bumpable, but it looks like it will just go cheap.
Boomeranged on Thu, 22 Feb 2024 07:57
The Benesse situation has gotten more questions than I expected, and later in the game than I expected. It is a deal worth looking at for why it is the wrong price (despite earnings). So far there is nobody above 5% but this is not to say that there shouldn't be, or that there shouldn't be post-deal activism.
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