Grant Samuel values Methven shares at up to $1.60, GWA's offer price

Sun, 10 Feb 2019

By Jenny Ruth Feb. 11 (BusinessDesk) - The independent report on Australia-based GWA’s $118 million takeover offer for taps maker Methven says the offer is at the top of its valuation range. GWA is offering $1.60 per share for Methven via a scheme of arrangement and has also agreed that the company can pay out up to 5 cents per share in dividends, taking the effective price to $1.65. Grant Samuel has valued Methven shares at $1.41-1.60 and says that includes a premium for control. Methven’s cornerstone investor, Brendan Lindsay, who...

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