2208 GMT - Dollarama's A$259 million takeover offer for The Reject Shop values the Australian company at a significant premium to its retail peers, says Ord Minnett. The Reject Shop's directors have unanimously recommended that shareholders vote in favor of the cash offer of A$6.68/share, which represents a 112% premium to its closing share price of A$3.15 on Wednesday. "Overall, we view the acquisition price as a significant positive for shareholders, given the premium to its 'last close', the premium to its historical trading range, and the premium to its peer group valuation," analyst James Casey says. The Reject Shop ended Thursday at A$6.60. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 27, 2025 18:08 ET (22:08 GMT)
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