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Redde Northgate Takeover Rumours (REDD)

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Redde Northgate Takeover Price

Redde Northgate Takeover Forum Posts

12-03-2024
I’ve been wondering about the dlg takeover currently in play. Is there an opportunity for redd, dlg want more cash, could redd take the workshops and a long term contract by teaming up with whoever possibly takes over dlg. More coverage, big contract, what’s not to like?
28-02-2024
i think they were similar before halfords went into freefall. they had their chance for merger of equals and they turned it dwon (halfords) my only worry here is that redde do offer premium to prevailing halfords shareprice - if thats likley to be the case one would be better off holding halfords shares at the time. at current low price though i suspect that might need to be done based on boards prior rejection. Unfortunately with debt where it is i am not convinced hostile takeover makes sense when reddes shareprice is so lowly rated - as that would invariably involve dilution - i am sure they would say its earnings accreative but reality is not sure redde need the hassle of integrating if they are doing ok - i do concede there coudl be compelling logistical efficiency reasons though why it could still be no brainer even if i dont like the fact halfords may get summit on top for clealry poorer business.