Clipper Logistcs PLC (CLG)
Posted: February 21st, 2022, 11:50 am
Clipper Logistics up 13%+ today due to a possible offer for the company from GXO Logistics. "The Board of Clipper has confirmed to GXO that, should a firm offer be made on the financial terms of the Possible Offer, it is minded to recommend it unanimously to Clipper shareholders, subject to the agreement of other customary terms and conditions."
Clipper is one of my larger UK holdings. I like the company's business and prospects and think it's worth more than the offer suggests. Others will be more knowledgeable than me but given the Board's position above I doubt a higher offer is waiting around the corner. I will be sorry to exit my position but have already started to think through where I will place the proceeds. Some of the growth stocks I like have traded off recently so it's not a bad time to recycle the proceeds.
Pendrainllwyn
Clipper is one of my larger UK holdings. I like the company's business and prospects and think it's worth more than the offer suggests. Others will be more knowledgeable than me but given the Board's position above I doubt a higher offer is waiting around the corner. I will be sorry to exit my position but have already started to think through where I will place the proceeds. Some of the growth stocks I like have traded off recently so it's not a bad time to recycle the proceeds.
Pendrainllwyn
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Please take the time carefully to read the rules of this site and the guidance for this board before posting. Had you done so you would have
a) self-reported your opening post to bring it to moderators' attention,
b} formatted the subject title correctly, and
c) provided a link to your news source.
This is the link that was omitted.
Please take the time to do this before posting again. Thank you. - Chris