focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The very bank that has invited me to follow and participate in the NWG offer via their trading platform has raised its target price for NWG from 330 to 400. Remember thinking 330 was optimistic but 400 ? IMO removal of gov interference means its probably worth it.
Typically, the mega-merger deal playbook goes like this. An initial offer is rejected. The suitor returns with a higher bid, which may also be turned down. Sometimes, other bidders throw their hats into the ring, a final offer wins through, or the deal gets shot down and the target’s share price dives.
With Elliot accumulating, the biblical propecy seems apt.