Summary:

Analyst Says Hoover’s Accepted Too Low a Bid: Steven Gear, of Wunderlich Research Partners in St. Louis, Missouri and the only analyst issui…

Analyst Says Hoover’s Accepted Too Low a Bid: Steven Gear, of Wunderlich Research Partners in St. Louis, Missouri and the only analyst issuing coverage on Hoover’s, has said in a report that the company’s financial adviser undervalued the company and the board accepted too low a takeover bid–$7 a share–from financial information publisher D&B. Gear, who owns a stake in Hoover’s, sees the shares at $8.80 a year from now.

By Rafat Ali

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