I hoped to hold this one for years to come but I can't complain too much. It's a good price and seems inevitable an acquisition was going to happen one way or another.
The market price is still below the takeover price, plus there is the possibility of an interim dividend. According to the announcement:
Altium has certain rights to pay dividends under the terms of the SIA. An interim dividend for the financial half year ending 31 December 2023, remains at the discretion of the Altium Board. If paid it will not be deducted from the Scheme Consideration. Any additional dividends, beyond any interim dividend, will be deducted from the Scheme Consideration.
I'll hold for now:
- It looks like a serious & considered offer, so I think it will go through at 68.50. Market price should increase to reflect that
- There's a possibility of an interim dividend which would be a small but welcome bonus.
