HAL offers to buy out TABS Holland minority shareholders

Another day, another buy-out offer for a company in my portfolio. This one, especially, leaves a bad taste in the mouth. HAL Investments has offered to buy-out the remaining minority shareholders, together holding ~4.9% of NPEX listed TABS Holland, at €34,24 in cash per share. I originally wrote about TABS Holland in October 2017. Since […]

Stelios Kanakis acquired by Orkla Food Ingredients

Stelios Kanakis (KANAK.AT), the Greek distributor of ingredients for confectionery and bakery products, made an announcement a couple of days ago that it is being acquired. The buyer is Norwegian company Orkla Food Ingredients. The acquisition will take place via a tender offer and the price offered to shareholders is €4.36. This values the entire […]

TABS Holland: a Dutch stock trading at 6.8x earnings

This post is mainly for Dutch readers. I’m writing it in English, because I’m much more familiar with English accounting terms than the Dutch terms. Perhaps the post is of some interest to non-Dutch readers as well. I think you need a Dutch bank account to be able to buy this stock. Also, trading in […]

Offer for M.P. Evans & new position in a palm oil company

On October 25, 2016 Kuala Lumpur Kepong Berhad (KLSE:KLK), a Malaysian plantation company, made an offer of 640 pence for U.K. listed M.P. Evans Group PLC (LON:MPE), which is also in the oil palm and rubber plantation business. The original offer represented a premium of 51% of the trading price at that time. The board […]