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Arena Events Group – recommended offer, a fair reflection of the current and potential value?

By Steve Moore | Wednesday 20 October 2021

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.

Provider of temporary structures for events, Arena Events Group (ARE) is “pleased to announce” a recommended offer of 21p per share, with its Summary including emphasising “a premium of approximately: 48.4 per cent. to the closing price of 14.2 pence… on 19 October… 50.0 per cent to the 14.0 pence per share subscription and placing price completed in April 2021”. Good news for shareholders then?

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