Nikko Cordial: 6.6% Shareholder Southeastern Says Citi Bid Too Low 2 comments
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Count Southeastern Asset Management are among those saying Citigroup's (C) increased takeover bid for Nikko Cordial (NIKOY) is still too low. According to Bloomberg, Southeastern owns 6.6% of Nikko:
"We have increased our appraisal of Nikko Cordial above our initial assessment of 2,000 yen per share,'' said Mason Hawkins, chief executive officer of Memphis, Tennessee-based Southeastern Asset in an e-mailed statement.
Things have been, and remain, interesting with this story.
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This article has 2 comments:
Sure, Nikko, someday, is probably a 2000 yen stock. But exactly when, and for how long? As we enter the 5th year of the bull in Tokyo, it could also be a 1200 yen stock by, say, August. The hedgies aren't stupid, we have to presume; it seems that they just enjoy sounding that way sometimes.
Lance
Eisai is tendering. Mitsubishi Logistics is tendering.
Maybe Mason would like to, ahem, explain, his valuation metrics?
And put a time frame on his valuation?
I didn't think so.
Have fun with your stubs, Mason, and kiss your bonus down a notch.
But then, you'll tender at the last second, won'tcha, big mouth. ^_-
I don't see you in there bidding, say, even 1725, you pompous smoke generator.
Lance