MSM gap up on Walmart offer
WMT, through its subsidiary, has made a R62/share offer to buyout $JSE:MSM shareholders. Great for current shareholders, the offer represents a 62% premium!Historically, share prices rarely move beyond the offer price, unless the offer price is revised a higher price is offered. If you missed this train, askies. Not expecting the share price to drop, but it's risky to buy at this level, especially if there's no meat left on the bone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.