Chesnara gets a boost from Resolution deal

Companies: CSN   
08/05/2006

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.


LSE£118.24m 116.50p -2.00p
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