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Hi Paul, I would appreciate your view on Spark Infrastructure takeover. I have SKI shares and I wish to know what you would recommend on what actions to take. Wait for the takeover to go it’s course and accept the offer in due time or sell out at highest price possible before takeover materialize.
A: With the Board having agreed terms and a unanimous recommendation to implement the Scheme, the takeover is certain to go ahead. The only decision you need to make is to sell now at $2.85, or wait probably until December/January and receive the effective price of $2.9375. This comprises the purchase price of $2.7675, a special dividend of 12c, and if they can be used, franking credits of 5c.
If you don’t need the cash to re-invest and can use the franking credits, wait. Otherwise, sell now.
