Fighting over our Bonkers Bargain
One of our Bonkers Bargains from earlier in the year attracts a higher offer lifting the shares to new highs. While holders might be rejoicing, it will be sad to see AIM lose another decent company, well before it has achieved its full potential. There were positive updates elsewhere on AIM and we also highlight one of the most dilutive companies we have come across. (Free to read)
Bonkers Bargains: another offer and it's not over yet Specialist waste management group Augean (LON:AUG), one of our Bonkers Bargains from May, appears to have agreed to a £341m buyout offer from funds managed by Ancala Partners and Fiera Infrastructure. This latest offer at 325p per share trumped an earlier bid from Morgan Stanley Infrastructure at 280p per share for Augean. We suggested the shares looked cracking value at 225p and the bid represents a swift 44% premium from our Bonkers Bargain coverage. The share price rose 17% on the day to 334p, above the latest offer price, suggesting others…