Overall, the merger will either defer or eliminate A$400mn of capital expenditure, reducing near-term execution risk and funding requirements. The Offer for GMD is at a nil premium so limited downside
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.