This is a tender Offer with a 90% acceptance threshold, but can be reduced. This is now done. Assuming a late Jan payment, this is trading at an attractive 4%/20.3% gross/annualised spread.
What is covered in the Full Insight:
Introduction to the Offer
Details of the Firm Offer
Regulatory Approvals and Conditions
Tendering Scenarios and Outcomes
Financial Performance and Peer Comparison
SUMMARY
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