It is pleasing there has been a solid reaction today in the share price of S&N in the wake of highlighting the stock as a perennial Cinderella on the M&A front.
The issue here is that whether there are different parts of the business sold off, or a more holistic deal, the company is clearly in play and will remain so until the situation is resolved given the activist presence.
This should clearly be in the interests of shareholders – who have had to be very patient over the years. 1,500p should beckon either way, judging by the chart trajectory.
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