Macquarie rates as Outperform (1) - Tomlinson has used due diligence on Norfolk ((NFK)) to revise its take-over proposal, but the target's board remains supportive so this acquisition is likely to go ahead, suggest analysts at Macquarie. They do note earnings at Norfolk have been pretty inconsistent in recent years, much like 's before the current management team took the reins, and that makes projecting future benefits from this deal a little rubbery. If everything goes according to plan, this deal should be done and dusted by 6 August 2013. No changes have been made, but Macquarie is clearly supportive of the new team at , suggesting " is a business that is only just beginning to realise its margin potential". More
8643128