EUXTF - Euronext: Attractively Priced But The Rights Issue May Provide A Better Entry Point
- Euronext is trading at an attractive level, but the share price likely won't go anywhere until the rights issue details have been released.
- The European Commission has approved the acquisition of Borsa Italiana, but the Italian government seems to be seeking a symbolic compensation before signing off.
- Trading at a 5.5% free cash flow yield and paying a robust 2.6% dividend, I'm holding Euronext, but I'm also waiting for the rights issue.
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Euronext: Attractively Priced, But The Rights Issue May Provide A Better Entry Point