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Seems to be some coverage in the Times but I don't have a subscription. Expecting an RNS in the morning either way.
'That would be nice, but that's almost 1 75% premium over last night's close (460p), which I think is not likely.'
I've bought a few below £4.60 because the company is worth much more than the current valuation. Do you think I'm going to be selling for peanuts? Can afford to sit and wait till the skies open up. It is not as if all revenues have dried up. There is the Defence division. The US are flying internally now. Other flights are taking place, some aircraft have been stripped down to carry a full load of freight, which used to be shipped on passenger flights. There is also the Energy division. Meggitt will be trimming their operating costs and getting by. Do you imagine the BoD were thinking yesterday that's all we are worth? They will not be accepting any offers that substantially undervalue the company, as they do not need to sell.
Good point about Capital Group. I think they're positive to have onboard in a takeover scenario because they're super long-term investors and hopefully won't be thinking about a quick buck - should be helpful in making sure that, if she goes, it's at a fair price.
Re "Imho would have to be over 800p to be even considered.". That would be nice, but that's almost 1 75% premium over last night's close (460p), which I think is not likely.
I Dont think this is a takeover trade , however capital group is building a huge position.
Imho would have to be over 800p to be even considered.
This is why.. Huge if true. I would expect bid needs to be well over 650p to stand a chance :
Meggitt shares surged on Friday following a report that US-based Woodward Inc is could be looking to buy the London-listed aerospace engineer.
According to Dealreporter, Woodward is working with an investment bank as it considers potential deals and Meggitt is in the frame.