News blog
Parseq
- BY: Andrew Hore |
- POSTED: 24/10/2011 |
Julian Tolley of Merchant Securities is advising shareholders to reject the 9p a share bid for Parseq.
He believes that the bid undervalues the business because of the bright outlook for the launch of the O2 e-bank, which uses the company’s mobile banking software.
Rami Cassis owns 35.5% of Parseq and the other directors, which are recommending the bid, own a further 8.77%.
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