Expect several rounds of Q&A and a delay to the tender start. AZ-COM Maruwa could eventually bump closer to the May tender start. However, as shares are 9.8% above terms, we would take profits.
What is covered in the Full Insight:
The hostile offer from AZ-COM Maruwa
C&F’s board fires back with questions
Implications of the potential transaction
Factors supporting unchanged terms
Factors supporting a bump
SUMMARY
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