Will VNU be able to convince investors to tender their shares to the private equity bid? If not, there is considerable downside risk to the share price and VNU itself may turn out to be another IMS. IMS trended down when investors appeared not to buy the VNU takeover story.
The VNU roadshow ends tomorrow (in the US). Let's focus on the share price, relative to the cash bid of 28.75 EUR/share. Right now, VNU is at 27.25.
Tuesday, March 14, 2006
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