Companies: CSN   

Shares in Chesnara picked up last week to 137.75p, which compares with last month’s recommendation at 132p. The reverse takeover of Britannic by Resolution – both closed life funds – has established a big quoted player in this sector for the first time and raised the possibility of an aggressive takeover move for Chesnara in due course. With an embedded value at least 40 per cent above the current share price, Chesnara looks a firm hold.

Chesnara	LSE	£118.24m	116.50p	-2.00p
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Other company articles:
Chesnara			15/04/2008
Panmure Gordon			05/10/2007
Chesnara ups dividend			10/05/2006
Chesnara: Allianz has 16 per cent			09/05/2006
Chesnara gets a boost from Resolution deal			08/05/2006