Expect an improved offer to be in the range 270-280p. Long MRW LN. Risk is that there will not be a bidding war. On 6 July there were c. £33.6 mn traded). Gross spread to Fortress's offer is -5.1%.
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.