At first sight, family-owned Bestway’s pounce on Sainsbury’s shares looks like a David and Goliath takeover battle – and that’s certainly how the market read it.
Bestway said it wanted to buy more shares after snapping up two tranches worth £270m, or 4.47% of the business.
At the same time, it released a stock market announcement ruling itself out of a bid for at least six months. But veteran dealmakers are convinced there is more going on than meets the eye.
Read the full article on the This is Money website
NAM Implications:
- Unlikely as it may seem…
- Still worth NAMs running a ‘what-if’ on the possibility of Sainsbury’s taking over Bestway.
- And at least checking for possible prices & terms disharmonies.
- And correction same, before Sauinsbury’s-Bestway…
- …do it for you.
