Research (J&T BANKA)
Czech markets  |  November 26, 2012 09:32:01

KIT digital: Tuzman offers $ 3.75 per share, but investors do not believe

Former CEO Kaleil Isaza Tuzman letter sent on Friday, the Board of Directors, in which the protests against the fact that the current state of the prior KITD management. The letter accuses the current vice versa for bad management. It also says that he is ready to lead a group of investors to purchase shares of KITD for $ 3.75 per share. KITD shares ended trading overseas at $ 0.74, which implies that the market does not take a potential tender offer seriously. In our opinion, at present any offer for that price very unlikely.

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Read also:

December 05, 2012KIT digital - I.Tuzman significantly reduces takeover offer BHS (BH Securities a.s.)
November 23, 2012KIT digital - Tuzman takeover offers for the course $ 3.75 BHS (BH Securities a.s.)

KIT digital: Tuzman nabízí 3,75 USD za akcii, investoři tomu ale vůbec nevěří

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