bullish

CIMIC (CIM AU) Takeover Offer: Should Get Done; Index Implications

504 Views23 Feb 2022 18:23
Hochtief has offered to buy the shares it does not own in CIMIC at A$22/share. At a one year high and in line with peer valuation, we think this will get done. Expect the stock to trade close to A$22.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 6-minute read)
Discussions
(Paid Plans Only)
chart-bar
x