DataGroup SE (D6H) Bid

“Bidder intends to launch a public purchase offer for all outstanding shares of DATAGROUP at a price of EUR 54.00 per share in cash… The management board and the supervisory board of DATAGROUP, which have approved entering into the investment agreement today, support the Offer which they consider to be fair and attractive and intend to recommend the acceptance of the Offer to the shareholders of DATAGROUP. The members of the supervisory board and the management board have confirmed that they will also tender all Dante shares personally held by them into the Offer.”

KKR has made an offer for D6H, which has been agreed. The shares will be delisted following the deal. A bid is welcome, but the price is disappointing. The offer comes at €54/share when the average analyst price target was €78.67. We will realise a gain of 21%. The stock has been held for 138 days, realising a gain of 65% IRR.

I covered D6H on 29 November 2024, when the price was €45.3. With the bid at €54 per share and the current price above €53, there is little reason to hold from here, as the takeover has been accepted by the board.

Action

Sell DataGroup SE (D6H)

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