Argonautica

Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

1 post found for May 2016

‘Aixtron’s Beauty Parade’

German technology company Aixtron today received a cash bid at €6 per share from Chinese private equity company Fujian Grand Chip1. This transaction value of €670m represents a 50% premium to the average price over the last 3 months of €3.97 and a 20% premium to the average price over the last 12 months of €5.041. Argonaut funds and mandates currently own 9.7m shares (8.6% of the company) which to our knowledge makes us today the company’s largest shareholder. We believe it is in our unit-holders…