0819 GMT - TI Fluid Systems is undervalued in ABC Technologies' revised offer price of 200 pence a share, given its favorable margin, growth and free-cash-flow outlook relative to its peers, Jefferies analysts write. The revised offer is in line with what Jefferies regard as the minimum acceptable offer price and brings TI Fluid Systems' valuation in line with the bottom end of EU peers, and at the top end of U.S. peers. Shares trade up 19% at 181.8 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
October 14, 2024 04:20 ET (08:20 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.