SAI Global (ASX:SAI) and Treasury Wine Estates bids (ASX:TWE) could get interesting

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SAI Global (ASX:SAI) and Treasury Wine Estates bids (ASX:TWE) could get interesting. John Corr, CIO of Aurora Funds Management says the Private Equity bids for both companies could trigger alternate interest from corporates hunting for acquisitions. Corr says we think in some heavily shorted names that the valuations that come through from the impact of shorting often attracts private equity groups... that think they're too cheap and this could lead to a turnaround story that they could manage. However, Corr says it also forces the hand of any corporate bidders that may have interest in synergistic values... that are clearly not of benefit to Private Equity groups. Corr is watching both companies closely as the situations unfold, saying the value of assets to corporate groups could see a much higher bid. For more on Aurora's view and process watch the video:


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