Tegel takeover a taste of things to come
Fund manager sees more corporate activity as buyers see value in unloved companies.
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Hawke’s Bay
The $438 million takeover bid for chicken producer Tegel is a symptom of the market’s excessively short-term view of value in some companies, its biggest New Zealand shareholder says.
“It feels like we’re on the cusp of what might be a period of quite a bit of corporate activity,” Devon Funds
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Tim Hunter
Fri, 27 Apr 2018
Fri, 27 Apr 2018
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Tegel takeover a taste of things to come
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