Why 335p is a fair price for AltNet
Managed services communications and IT supplier Alternative Networks (AN.:AIM) (AltNet) has agreed a £165m, 335p per share cash offer by private equity-backed peer Daisy.This is a 17% premium to the shares closing price on Friday 18 November, explaining today's 16.5% jump in the stock. But it's a fair way below the 30% to 35% premium of typical takeovers and way off the 500p-plus share price high