Shortlisted – JB Hi-Fi and iiNet

Editorial director of Switzer
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It’s certainly heating up for merger and acquisition activity, with Expedia’s recent takeover bid for Holdings and David Jones finally going to Woolworths South Africa.

Merger mania

The bid was foreshadowed by Tony Featherstone in his SSR takeover target portfolio in April and last week he added OzForex Group and Ten Network Holdings to that list.

“Its undemanding valuation provides comfort for long-term investors, and parts of the financial services industry have a big target on their back from aggressive online players that can compete at a sharply lower cost base,” he said of OzForex.

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