KoosKanmar
Long

$JSEPFG Pioneer Foods offer from Pepsico

JSE:PFG   PIONEER FOODS GROUP LTD
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Line one is the current share price. Line two is the offer from Pepsico . 10% Delta is either provision for a divi payout, or risk that you carry if the deal falls through ? My feeling is that this is a huge vote of confidence in SA inc, and 110 is quite an opportunistic purchase price. Shareholders might ask for a little more + government pressure might help this deal to materialise.
Comment: Correction: Line 2 is current price, line 1 offer price
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