Diligent takeover offer too low, shareholder and analysts say
The price Insight Venture Partners is offering to take over Diligent under-values the company, say analysts and a 10.6% shareholder. With special audio feature.
Jenny Ruth Mon, 14 Mar 2016
Analysts say both the $US4.90 a share takeover offer for Diligent [NZX: DIL] and the independent valuation greatly undervalue the technology company.
Craigs Investment Partners analyst Stephen Ridgewell has a $US7.10 ($NZ10.60) a share valuation while Forsyth Barr analyst Blair Galpin suggests
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