24-07-2013, 08:24 PM
http://infopub.sgx.com/Apps?A=COW_Corpor...o1mhcYtion
Thank you, management of Guthrie GTS throughout this divestment process: in treating all shareholders (major or minority) fairly and equally; in ensuring that the process is only as painful as it needs to be. Kudos.
Quote:The IFA’s advice to the Independent Directors on the Offer
“Having considered the aforesaid points including the various factors set out in this letter
and summarised in this section, we are of the opinion that, on balance, the terms of the
Offer are not compelling from a financial point of view, but fair and reasonable and are
not prejudicial to the interests of minority shareholders from a market perspective. Based
on our opinion and accordingly, we advise the Independent Directors to recommend that
Shareholders accept the Offer, unless Shareholders are able to obtain a price higher than
the Offer Price on the open market, taking into account all brokerage commissions or
transaction costs in connection with open market transactions.”
Thank you, management of Guthrie GTS throughout this divestment process: in treating all shareholders (major or minority) fairly and equally; in ensuring that the process is only as painful as it needs to be. Kudos.