However, given that they were sellers some time ago at a mooted price of around 140 pence a share, when the company was effectively put up for auction, we would be very surprised if the levels being talked about didn't appeal to them. |
Of all the takeover candidates Kingfisher is not amongst the walking dead, as it has attractive businesses, which are dominant in their respective markets. |
We like this one for the mail business, which is performing well and for its potential as a bid target. We reiterate our 'Outperform'. |