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Lonewolf, Thanks, i get it now.
I think their intention is at least to achieve control. Hence less likely to see a revision of the offer since threshold to hit 50% is not really high. Not stating offer is final at the beginning may be a default practice. Has any offeror stated their offer is final and will not be revised at the very beginning? Maybe they know but I have no idea if it is really easy to even achieve 50%. By not stating its final, at least they will have the option to revise if it comes to that.
Good chance for shareholders especially those who hold million shares to exit cleanly. Must be fair to this group of investors who had difficulty getting out. Rest who still see value can choose to ignore and remain so in listed company.
Actually i like to read IFA reports in such cases. Not to evaluate their opinions (already know what they will recommend), but to see the facts. Its like a free market research report. Some are quite good and can be used to better understand the particular industry.
Btw, there has been a huge queue to buy at $0.65 since yesterday, before the offer document was released on SGX. Around 30 million shares bid. I suppose this is the offeror who is also mopping up in the market?
I think their intention is at least to achieve control. Hence less likely to see a revision of the offer since threshold to hit 50% is not really high. Not stating offer is final at the beginning may be a default practice. Has any offeror stated their offer is final and will not be revised at the very beginning? Maybe they know but I have no idea if it is really easy to even achieve 50%. By not stating its final, at least they will have the option to revise if it comes to that.
Good chance for shareholders especially those who hold million shares to exit cleanly. Must be fair to this group of investors who had difficulty getting out. Rest who still see value can choose to ignore and remain so in listed company.
Actually i like to read IFA reports in such cases. Not to evaluate their opinions (already know what they will recommend), but to see the facts. Its like a free market research report. Some are quite good and can be used to better understand the particular industry.
Btw, there has been a huge queue to buy at $0.65 since yesterday, before the offer document was released on SGX. Around 30 million shares bid. I suppose this is the offeror who is also mopping up in the market?