BROKER RECOMMENDATIONS

Date Broker Recommendation Price Old target price New target price Notes
08 Jul RBC Capital Markets Outperform 196.75 - 280.00 Reiterates
30 Jun Credit Suisse Neutral 196.75 225.00 225.00 Reiterates
13 Jun Deutsche Bank Buy 196.75 240.00 245.00 Reiterates
12 Jun Cantor Fitzgerald Buy 196.75 250.00 250.00 Reiterates

hmm. So for a while today this was trading at a penny above 165p cash offer.

I guess I'll hold. Someone always knows something

SUSPENSION OF LISTING AND TRADING OF PREMIER FARNELL SHARES
On 13 October 2016, Premier Farnell announced that the High Court of Justice in England and Wales had made an order sanctioning the scheme of arrangement (the "Scheme") relating to the recommended cash offer by Bidco, an indirect wholly-owned subsidiary of Avnet, for the entire issued and to be issued share capital of Premier Farnell (the "Acquisition").
Pursuant to the terms of the Scheme and Listing Rules 5.1 and 5.3 and following an application by Premier Farnell to the UKLA and the London Stock Exchange, Premier Farnell announces that trading in Premier Farnell shares on the London Stock Exchange's Main Market for listed securities and the listing of Premier Farnell shares on the premium listing segment of the Official List have each been suspended with effect from 7:30 a.m. on 17 October 2016.
Capitalised terms in this announcement (the "Announcement"), unless otherwise defined, have the same meanings as set out in the scheme circular published by Premier Farnell on 19 August 2016.
Next Steps
It is expected that the Effective Date of the Scheme will be today, and that the delisting of Premier Farnell Shares on the London Stock Exchange will take place with effect from 8:00 a.m. on 18 October 2016. Further announcements will be made when the Scheme has become effective and when the admission to listing and to trading of the Premier Farnell Shares have each been cancelled.