Dai-ichi Life Holdings Inc
8750: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥8,157.00 | Cyqg | Qdqfzsy |
Dai-Ichi Life: Pricey Takeover Bid for Benefit One Doesn’t Affect Our Fair Value Estimate
Dai-Ichi Life Holdings announced a takeover bid for Benefit One whose price tops a takeover bid currently underway by medical information provider M3. Unlike M3’s bid, which is only for a maximum of 55% of Benefit One, Dai-Ichi Life is offering to buy 100%. We think Dai-Ichi Life’s bid therefore provides a more attractive exit for Benefit One’s parent company Pasona, even if M3 raises its offer.