Q: What are your thoughts on the takeover price? Any opinion on the new combined entity assuming the takeover proceeds?
Likelihood of another competing bid?
Thanks!!
Likelihood of another competing bid?
Thanks!!
5i Research Answer:
CDE is a very expensive stock on valuation, which is one reason it can make such deals. We would be less inclined to keep CDE shares, but think the deal is generally good for the company, using its shares as currency. We would put the odds of a third party entering at only about 10%.