Report
Adam Fleck
EUR 101.80 For Business Accounts Only

Persol Lobs Takeover Proposal for Programmed, Placing FVE Under Review

We are placing our fair value estimate for Programmed Maintenance Services under review. This follows a proposal by Japanese staffing company Persol to acquire 100% of Programmed Maintenance Services for a cash price of AUD 3.02 per share, by way of a scheme of arrangement. The offer price represents a 68% premium to the July 13 closing price of AUD 1.80 per share. Under the proposal, Programmed may declare and pay a fully franked special dividend on or shortly before the implementation date of ...
Underlying
Programmed Maintenance Services Ltd

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Adam Fleck

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