SAI has been trying to lure other bidders, which is a reasonable thing to do given that SAI has been undervalued in the past few years, said Darren Vincent, an analyst at Shaw Stockbroking. “The last couple of years the (SAI) results have been impacted by a whole bunch of different negative issues, which sort of masked the true value and the true capability that the business can earn,” said Mr Vincent. “People are trying to value it, but are using recent earnings history as a basis to do it,” he added. “I think there is room for a bid over the current (PEP proposal).
Read more here: Business Spectator