RE: Buyout news16 Sep 2022 12:42
THG got offered £1.7 a share and their BoD rejected, now look at their share price, only £0.4
Let's be realistic, if a £1b offer for ASOS comes then the PI need to unite and force the BoD to accept the offer.
Anyone hoping for an MCAP north of £4b will need to wait 18 months potentially based on macros and projections.
At the moment the whole market across multiple sectors are in M&A mode. Until Putin dies or the EU/UK switch overnight to renewable energy the markets will be stuck. The good news is that major funds are also getting screwed as the bull market has had its run and now we are stuck in global limbo.