Hagemeyer
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Amsterdam shares close higher, led by Hagemeyer
Share prices closed higher in line with early gains on US markets, with Hagemeyer leading gainers on takeover speculation and Unilever rising after a broker upgrade for the stock, dealers said. The AEX index finished up 1.05 points or 0.29 pct at 365.46, off the day's high of 365.92 and after opening at 365.15. Government bonds closed broadly lower, while the euro was little changed at 1.3015 usd versus 1.3005 usd at the close of trade yesterday. Hagemeyer jumped 8.3 pct to 2.10 in heavy volume of 29.5 mln shares. The stock rose in the afternoon session after a note from Fortis once again highlighted the huge upside to as much as 2.75-3.00 eur per share in the event of a takeover bid for the company.
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Visitante
Ó visitante !!
Então !!
825%
Isso é que foi !!!!
É as virgulas , não é ?! Feias ! Eu tambem não gosto delas !!! Feias !!
825%
Isso é que foi !!!!
É as virgulas , não é ?! Feias ! Eu tambem não gosto delas !!! Feias !!
" Os que hesitam , são atropelados pela retaguarda" - Stendhal
"É óptimo não se exercer qualquer profissão, pois um homem livre não deve viver para servir outro "
- Aristoteles
http://theflyingmechanic.blogspot.com/
"É óptimo não se exercer qualquer profissão, pois um homem livre não deve viver para servir outro "
- Aristoteles
http://theflyingmechanic.blogspot.com/
Razão
Hagemeyer advances on fresh takeover speculation
Wed Feb 2, 2005 03:26 PM GMT
AMSTERDAM, Feb 2 (Reuters) - Shares in Dutch trading firm Hagemeyer (HAGN.AS: Quote, Profile, Research) gained more than 5 percent on Wednesday after an analyst report revived speculation that it could become a takeover target.
At 1445 GMT, Hagemeyer topped the list of gainers in Amsterdam's blue chip index with a 4.1 percent rise to 2.02 euros after touching 2.05 earlier.
The stock has surged more than 50 percent over the last three months.
"Expectations about a possible takeover boosted Hagemeyer's price some time ago. They have been rekindled by the Fortis report," a trader at a Dutch broker said.
Fortis Bank analyst Maarten Bakker said in a research report that the possibility of a Hagemeyer takeover by venture capital firm Clayton, Dubilier & Rice (CDR) should not be ruled out.
CDR recently took over Hagemeyer's French peer Rexel (CDME.PA: Quote, Profile, Research) and Bakker said that takeover had valued the French firm at multiples that implied a premium of more than 70 percent to Hagemeyer's valuation.
"The considerable potential for synergy benefits adds a takeover premium of at least 0.25-0.50 euros to our stand-alone valuation of 2.50 euros (per Hagemeyer share)," he added.
Bakker said Hagemeyer also was a "typical restructuring play", which had not yet been reflected in its share price.
"Our analysis indicates that the planned turnaround at Hagemeyer is far from priced in," he said.
Wed Feb 2, 2005 03:26 PM GMT
AMSTERDAM, Feb 2 (Reuters) - Shares in Dutch trading firm Hagemeyer (HAGN.AS: Quote, Profile, Research) gained more than 5 percent on Wednesday after an analyst report revived speculation that it could become a takeover target.
At 1445 GMT, Hagemeyer topped the list of gainers in Amsterdam's blue chip index with a 4.1 percent rise to 2.02 euros after touching 2.05 earlier.
The stock has surged more than 50 percent over the last three months.
"Expectations about a possible takeover boosted Hagemeyer's price some time ago. They have been rekindled by the Fortis report," a trader at a Dutch broker said.
Fortis Bank analyst Maarten Bakker said in a research report that the possibility of a Hagemeyer takeover by venture capital firm Clayton, Dubilier & Rice (CDR) should not be ruled out.
CDR recently took over Hagemeyer's French peer Rexel (CDME.PA: Quote, Profile, Research) and Bakker said that takeover had valued the French firm at multiples that implied a premium of more than 70 percent to Hagemeyer's valuation.
"The considerable potential for synergy benefits adds a takeover premium of at least 0.25-0.50 euros to our stand-alone valuation of 2.50 euros (per Hagemeyer share)," he added.
Bakker said Hagemeyer also was a "typical restructuring play", which had not yet been reflected in its share price.
"Our analysis indicates that the planned turnaround at Hagemeyer is far from priced in," he said.
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