Q: Hi Peter, I wanted to sell my NVEI shares to buy a share of CSU but is it worth doing it now or better waiting till the deal closes. Is there any way of guesstimating what the exchange will be around the day of the close. Thanks
5i Research Answer:
There is about 3% left on the table in the deal but we would be OK selling for another idea and CSU we think is very solid at current prices. There is no way of guessing the f/x rate for a close that is still more than half a year away.