By Steve Moore | Monday 19 August 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in international engineering, construction and technical support services provider Kentz (KENZ) currently trade more than 20% higher on today, at 580p, following an announcement that its board has unanimously rejected takeover proposals – including one of up to 580p per share – as they “undervalued the company”. This is likely to be of interest to readers of this website since I have commented positively on the company a number of times – including most recently HERE. The following updates on the bidding situation…
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