Dyna-Mac IFA says Hanwha’s $0.67 offer ‘fair and reasonable’

Zico Capital advised shareholders to accept the offer.

Dyna-Mac’s independent financial advisor, Zico Capital, said that Hanwha Group’s $0.67 per share offer is fair and reasonable as it is higher than the target price of $0.64.

Accordingly, Zico advised the Dyna-Mac independent directors to recommend to shareholders to accept the offer.

Zico also noted that the offer is final, with no further increases.

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