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Fuller takeover by Japans Asahi


trade247

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on the wires this morning givin a good ol bump to FS&T by upwards of 20% and kicking it into extended auction.

"Shares of Fuller, Smith & Turner jumped 21 percent after the British pub operator and brewer agreed to sell its beer business to Japan's Asahi for an enterprise value of 250 million pounds ($327 million). The sale price represents a multiple of 23.6 times core earnings of 10.6 million pounds for the year ended March. Fuller said it would return between 55 million pounds and 69 million pounds of the proceeds to its investors."

May be one worth looking at. Technical analysts what are the plays on this one with the gap up trade?

 

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