Monday, April 28, 2014


Goodpack: Goodpack reiterated on 17 April that it is still in discussions with potential bidders and that it does not rule out the possibility of a takeover by private equity firms. StanChart estimates that a high offer price for Goodpack is unlikely, citing that private equity firms aiming for a 15% return could offer $2.51/share- a 9% premium to the current price and a 7% discount to its TP of $2.71. Based on past deal activities and aligned business strategies, house reckons that potential interested parties could include Brambles and China Merchants Group.

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