Energetic dance to a duet
Listed outfit Duet Group (ASX: DUE) on Monday announced an all-cash bid for Energy Developments (ASX: ENE) at $8.00 per share. As a part of the announcement the company highlighted that major shareholders, who combined hold 85.7% of the register, would accept the offer. As a result and in our opinion, we see the chance of another takeover bid being quite low. ENE has been a long-term shareholding for us and we congratulate the company on the shareholder wealth they have created over a long time period.
Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...