IPH has revised its proposal to acquire listed competitor Xenith IP ((XIP)). Under the new proposal shareholders will receive $1.28 in cash and 0.1261 IPH shares for every Xenith share.
IPH will also include the option for all cash or all scrip, subject to scaling back. Deutsche Bank has a Hold rating and $5.70 target.
Sector: Commercial & Professional Services.
Target price is $5.70.Current Price is $7.01. Difference: ($1.31) – (brackets indicate current price is over target). If IPH meets the Deutsche Bank target it will return approximately -23% (excluding dividends, fees and charges – negative figures indicate an expected loss).
