Henkel Update – Japanese Interest

After recent coverage here regarding Henkel, there has apparently been some movement. In particular, Henkel’s adhesive business is in focus, with possible interest from ThreeBond  of Japan, and American industry players. As reported before, Unilever looks to be the main contender in the frame should any M&A for the whole of Henkel materialise.

henkelpic

The shares remain bombed out, and it is therefore common sense that rivals in the sector would be sniffing around. This is especially the case as the company’s own initiatives to extract shareholder value have so far received a mooted response. A takeout price towards €120 looks to be on the cards, any deals that focus on individual parts of the group notwithstanding.

Author: Zak Mir

Financial commentator, interviewer, technical analyst

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