0042 GMT - The price offered by Pacific Equity Partners to acquire Johns Lyng, which carries out insurance-related repair work, looks reasonable to Morgans. PEP's offer of A$4.00/share has the support of Johns Lyng CEO Scott Didier, who holds a 17.64% interest in the company. It values Johns Lyng's equity at A$1.1 billion, which analyst James Filius says is toward the high end of his expectations. The offer is reasonable "considering Johns Lyng's recent share price weakness and the near-term earnings softness," Morgans says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 13, 2025 20:42 ET (00:42 GMT)
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