Chemring Group – Defence Specialist Still A Target
If Bain Capital makes another bid approach, then strong countermeasures will be necessary.
Just over a month ago Chemring Group (LON:CHG), one of my favourite companies within the defence sector, saw its shares down to just 305p.
Last Friday night they closed at 411.50p, up 15.50p on the day, on the back of a hefty 2.67m shares traded.
That values the group at around £1.11bn – which I believe to be a cheap valuation, especially considering that it is now in a possible bidder’s sights.
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