KKR's $2.50 a share offer for Goodpack fair, decent: analysts

Offer price implies multiple of 17.5 times the expected earnings for 2015

GOODPACK shareholders should take the money that private equity firm KKR is putting on the table, several research houses said yesterday.

One of them, CIMB Research, called the offer of $2.50 a share for the pac-kaging logistics company "fair", while a DBS Group Research report deemed it a "decent offer price".

"While the offer price represents only 7 per cent premium to the prior closing price, we believe that investors have already largely priced in a takeover scenario," the CIMB Research report...

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