According to brokerage firm Morningstar, the takeover of funeral services provider InvoCare (ASX:IVC) by U.S.

fund manager TPG is all but guaranteed to take place, even though the offered cash proposal is considered to be ‘too cheap’.

Morningstar stated that TPG’s per share cash consideration stays at a 12% discount, at A$12.70, to their stand-alone valuation of A$14.50 per share.

The brokerage firm has maintained their fair value estimate of A$12.70 per share.

Furthermore, all five analysts who’ve rated InvoCare’s stock consider it a ‘hold’, with a median price target of A$11.45, as per data from LSEG.

So far this year, InvoCare’s share prices have risen 14.1%, up until the most recent closing price.

InvoCare (ASX:IVC) is a leading provider of funeral services.