Analysts at investment bank Liberum have advised investors to ‘Hold’ their shares in Sky in the wake of the UK Government effectively giving the green light for both the 21st Century Fox / Disney and Comcast bids for the pay-TV operator to proceed.
For Liberum, the key question is how 21st C Fox / Disney react to Comcast’s 1250p bid. “We think there will be a counter-bid but it is unlikely to be above the 1375p [€15.70] level plus a dividend adjustment. As a result, we reiterate our Hold,” they say.
Source: Bank issues Sky ‘HOLD’ advice