The presence of two bidders increases the probability of a binding proposal (with a bump). At the last close, the gross spread to the IPH offer is 5.5%.
What is covered in the Full Insight:
Competing Offer by IPH
Stakeholders and Voting Control
IPH's Offer Valuation
Relative Valuation vs Global Legal IP Companies
Offer Price's Trailing EV/EBITDA
SUMMARY
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