RE: Price falling2 Dec 2024 13:15
Quickwin -
-will a second bidder step in?… if not, that takes some of the froth out of it, as less pressure on AV to raise bid significantly.
- how much is AV prepared to pay as top price? … DLG clearly a good fit for AV, & blanc won’t have started this process flippantly, but she’s a smart, sensible CEO of a company that’s already doing well, and AV doesn’t *need* this deal —- so she will probably be prepared to pay more than 250, but it is not in her or AV’s best interests to overpay - there will be a price at which she will just walk away. (no need whatsoever to pay anything like 330!)
— market reaction has been pretty favourable so far to blanc’s approach … already a fairly good premium being offered, and many DLG big holders won’t be that hard to persuade about taking some decent jam today versus uncertain 2-4 year prospects.