Report
Konrad Zomer

Intertrust : CSC cash bid of € 20.0/sh recommended by Intertrust

>Clear step towards a deal - This morning Intertrust and CSC announced they have agreed a recommended cash offer of € 20.0 per share (cum dividend), which values Intertrust at approximately € 1.8bn. This represents a premium of approximately 59% to the undisturbed price. CSC already made this offer three days after CVC offered € 18/sh (12 November). At that time it had not done its due diligence yet and did not have its financing in place. Now it has, and given CSC is...
Underlying
Intertrust NV

Intertrust NV is a company based in the Netherlands. The Company provides trust and corporate services to corporations, funds, financial institutions and private individuals. Its services include formation and implementation, domiciliation and management, legal administration, accounting and reporting, intellectual property, carbon solutions, escrow, capital markets services, fund services, securitization and structured finance services, treasury management, depositary services and real estate solutions, among others. The Company operates offices in the Americas, Europe, Asia, Australia and the Middle East.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Konrad Zomer

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