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magazineAdvent to take Laird private at massive premium
LAIRD (LRD) 202p
Gain to date: 69.3%
Original entry point: Buy at 119.3p, 8 February 2018
The private equity analysts at US firm Advent International clearly agree with our assessment that Laird (LRD) was too cheap given the recovery potential.
In true Victor Kiam style, they liked it so much they’re buying the company, tabling a 200p per share, near-£1bn offer that was immediately recommended by the Laird board.
We note the share price has nudged beyond the 200p offer price, suggesting modest hopes that a rival offer could yet emerge although Shares believes this is unlikely. We suggest you sit tight and wait for events to unfold.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
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