FNZC analyst downgrades Tegel’s earnings outlook
A condition of Bounty's takeover relates to first-half earnings.
Tegel Group's stock would be worth just 95 cents without Bounty’s effective $1.27 per share takeover offer, an FNZC analyst says.
FNZC analyst Jack Crowley also gives the takeover a two-thirds chance of success, based on the need for Overseas Investment Office (OIO) approval – Bounty is based in
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Jenny Ruth
Tue, 12 Jun 2018
Tue, 12 Jun 2018
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FNZC analyst downgrades Tegel’s earnings outlook
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