Nutresa stock continues to rise. It is already the fourth consecutive day in which the stock hits highs after Nutresa announced that it received proposals from international companies interested in significant segments of the holding company.
Today the title rose 23.13% and closed at $59,100. The action treached a maximum of $65,000, with this the stock already exceeds the IPO price by almost $20,000; also hit a low of $49,000. Since Wednesday, when the stock was still $850 short of exceeding the IPO price, analysts indicated that it would rise to the prices seen in recent days. Even now the conversation is about whether or not there could be a takeover bid for the percentage that is not yet part of the Gilinski Group.
There are divided opinions there, Well, just as there are those who believe that the takeover bid is probable and that it would pay more than the current value on the stock marketthere are others who consider that it is not so easy for this to happen.
Juan Pablo Vieira, CEO and founder of JP Tactical Trading, assured that between $50,000 and $55,000 per share could be paid if there was a takeover bid for the float. Since, being a small percentage, making that payment would not represent much money for Nutresa.
“At this moment it is convenient for them to pay a high amount of the remaining ‘little balance’, because this transaction is going to value the company’s shares strongly,” he indicated.
In line with this, Gregorio Gandini, founder of Gandini Analysis, assured that although if this takeover bid occurs, the price is difficult to predict, “should include a higher value to pressure the sale of the shares, especially in light of the sales opportunities of specific business lines”.
