Investors should sit tight and see if a better offer comes along
Thursday 22 Aug 2019 Author: Daniel Coatsworth
Several analysts suggest the 850p per share takeover offer for pubs group Greene King ( GNK ) is too low. Investors already holding the stock should sit tight and await a higher offer, either from the current suitor or a counterbid. Hong Kong-based property developer and investor CK Asset is offering £4.6bn for the business including its large debt pile. The offer is pitched at a 25% premium to...