$19 +1.12 deal terms...
BHI Trading with 11.2% Discount for now pre -market ...look wide as even if the deal is not easy and could be long...will price 7/8% spread...Break fee is big so I Guess that HAL should have done its due dilignece before starting ths process...Week end press was mentioning some PE fund already in contact with HAL to buy some of BHI activities...could see drive ro more deals maybe in europe as we see PE fund starting to invest in Europe...
Keep an eye on SBMO as HAL own a 12% Stake in the company...