Comment / M&A radar: Kerry too big a target but the 'IFF' bits are juicy for K+N

These aren’t the good days for Hong Kong’s Kerry Logistics.

In spite of a proposed spin-off announcement, broader market volatility and other structural factors weighing on value – its relatively small free float, for instance – have dragged down its shares, now still looking for the bottom.

Courtesy of The Financial Times’ key stats section, here is where they trade (all values in HK$, ex %): “As of last trade Kerry Logistics Network Ltd (636:HKG) traded at 10.50, 0.38% above its 52-week low ...