Klockner Pentaplast - comment

Klockner Pentaplast (Saahil): Going back to the future, it seems that the €300 million senior notes are seeing a new buyer or set of buyers with the notes up three points today. Market participants seem to think that it could be the existing shareholder who are injecting capital at a cheap valuation or new funds buying into the narrative that Klockner may launch a tender offer at a higher price. For history buffs of the market, this is the second time, SVP has done this. It’s going to be an interesting summer in Montabaur….