Q: NVEI has extended until April 1st 2025 for holders to decide on options for the buyout. This means that the privatization would have taken about a year from the announcement in March 2024. It looks stretched. Could there be hurdles we are not seeing, financing for example? Or the structure of the company makes it difficult? Just curious ..Thanks a lot.
5i Research Answer:
We would be surprised if financing was the issue. But, it has multiple divisions in various countries, and many levels of approval are still required. But the timeframe is not overly unusual for similar deals. There is less than a 4% discount on shares right now, which, considering the timeframe, implies that investors, at least, are not overly worried about deal risk.