The torrent of privatisation offers, private equity bids and delistings from the ASX are set to gather pace, says one fund manager, with companies with low levels of liquidity in their shares among the prime candidates.
Some of the bids, such as Rich Lister Raphael Geminder’s bid to buy out the remaining 50 per cent of struggling packaging company Pact Group, offered only a tiny premium. But investors should be on high alert for other unloved companies such as health group Healthia.