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What happened to Smart Group (SIQ)

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Question asked

What happened to Smart Group (SIQ)

SIQ - SmartGroup is up almost 20% today. Do you know why and is this a hold or a sell

Debbie G

Answer

Hi Debbie,

SIQ was the target of a takeover bid by TPG Global at $10.35 at the end of September, happily MM holds SIQ in our Active Income Portfolio and are staying long believing the stock remains good value below $9.50.

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SmartGroup (SIQ)
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