They are currently trading at 7.30€, down from a peak of almost 10€, now with a discount of -15% and a dividend of 4.6%.
https://www.ii.co.uk/investment-trusts/ ... rd/LSE:GWI
Interactive Investor has informed us of a Corporate Notification. There is a takeover bid for the company, offering 7€ per share:
GLOBALWORTH REAL E ORD NPV
Event Type
Takeover
Description
Takeover Extension
Offer: Zakiono Enterprises Limited
Offer terms: EUR7.00 for each share
Pay date: upon receipt
Zakiono Enterprises Limited has extended its offer to purchase all the issued and outstanding shares in Globalworth Real Estate Investments Limited. Your options are:
OPTION 1: Do nothing (Default). You will keep your current holding if you do nothing.
OPTION 2: Accept the offer and receive EUR7.00 cash in exchange for each Globalworth Real Estate Investments Limited share held.
What I don't understand is how their offer can be lower than the current price. Who on earth would accept it? Or am I missing something?
Steve