This looks done. Assuming payment late-Feb, I see the gross/annualised spread at 10.7%/47.9%. I'd be a buyer here. This is probably being done too cheaply. But no other suitor will emerge.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.