SINGAPORE (Nov 4): DBS Vickers Securities and CIMB Research are advocating Super Group’s minority shareholders to sell at, or accept Jacobs Douwe Egberts’ (JDE) offer price of $1.30 – or risk ending up with shares in an unlisted private company.
While DBS has raised its target price to $1.30, CIMB reiterates its “hold” call on the stock with an unchanged target price of 82 cents.
To recap, the manufacturer and distributor of instant food and beverage products yesterday announced it received an offer from JDE, a Dutch tea and coffee company majority-owned by Acorn Holdings B.V.
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