VED - Veda Group

[VSntchr]

Price at 2.65. T/O offer at 2.825. That's about a tick over 6.5% difference.

Market saying there's a bit of a hurdle? Anyone buying in to take advantage?

I have weighed it up, but the trade Risk/Reward is not favourable enough for me at the moment.
Downside if it doesn't succeed is perhaps 40c = -15%
Upside, is as you say, 6.5%.

By my calcs, that says the market gives the takeover a chance of success of 92.5%.
This is also excluding the time value, which is likely 3 months or more?

Alot of hurdles to jump over before this takeover is successful so personally I'd want a bigger discount.

On the flipside, if you think the chance of a higher bid is not insignificant then the calculations will change again.

 

[So_Cynical]

(18th-July-2014) I have been buying Veda based on the fact that i want them, i thought $2.10 looked like holding for a while and entered there with my main portfolio only to see the SP weakness continue, picked up a few on Tuesday at $1.94 for my super fund.

Sold both positions today for $2.76 ~ trade profit of 30%+ on both parcels, the T/O is pretty much a done deal so figured it was time...and as always i need the $ to cover redeployment into an IPO and other reverse T/O opportunities.

 

[System]

On February 26th, 2016, Veda Group Limited (VED) was removed from the ASX's official list in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement pursuant to which Equifax Inc. acquired all of the issued shares in the Company.

 

[Faramir]

I'm going to miss you VED. Only regret was not to buy a much bigger parcel back in July 2014. I have no idea who can replace you??