Oct. 24 at 3:43 PM
$OTLY @danielb314 JAB is not granted, but following the breadcrumbs : I see it very likely to happen in 18-24 months...
1) Goudet (veteran JAB executive, now senior advisor) bought more than 9% of the company... But a more interesting detail, he bought more than 1% worth of convertible shares. Given his history and engagement with JAB, it is more than betting on turnover.
2) With nordic bonds debt, they also retired some of the convertibles. 200M face value was with long term investors and 100M was with other institutions. Long term investors did not announce any change with their position. So, they are collecting the convertibles on others... On way forward, only "friendly" hands will hold the convertibles : So they are foreseeing more than 1.36USD / share (27.2 USD ADR) to be surpassed. And they don't want uncontrolled dilution.
These are two important direct stones paved...