WHK Group: Interim result and offer

Today's offer from SFG Australia comes at a good time for WHK Group, which announced a pretty lousy interim result alongside it.

WHK Group proclaimed on the cover of its 2012 annual report that it was ‘Positioned for Growth’, but judging by today's interim result it should have added ‘but not quite yet’. Maybe it will hit its straps in 2014, but shareholders will be hoping that by then it has been swept up by SFG Australia which today lobbed a merger proposal.

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