APM's Shares Set to Trade at Up to 20% Discount to Bid -- Market Talk
Dow Jones04-11
0017 GMT - APM Human Services International's share price will likely continue to trade at a 10%-20% discount to the best available bid, unless competitive tension emerges, says Jefferies. APM saw private-equity firm CVC walk away from a A$2.00/share proposal, but then received a proposal worth A$1.40/share from major shareholder Madison Dearborn Partners. "In our view due diligence on APM for other interested parties would be at earlier stages and a couple of months behind CVC," analyst Wei Sim says in a note. APM is up 2.9% at A$1.24/share.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 10, 2024 20:17 ET (00:17 GMT)
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