bullish

Vectura

Carlyle/Vectura Group: Expectations of a Sweetened Bid

288 Views27 May 2021 06:09
Vectura destroyed value as it grew. Offer is a fair premium to median Cap IQ cons. TP 135p. The offer will probably be sweetened. Gross spread is (4.6%). Long VEC LN, TP 164 (limited downside risk).
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Jesus Rodriguez Aguilar
European Event-Driven Analyst
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