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what is this 60days timeline about? care to clarify? thks

(21-08-2013, 04:04 PM)pianist Wrote: [ -> ]what is this 60days timeline about? care to clarify? thks

Takeover code says max duration of Offer is 60 days from depatch of circular (not prospectus).

http://infopub.sgx.com/FileOpen/Acceptan...eID=253344

Level of acceptance: 82.93%

I stand by the opinion that they will up the offer price one way or another with a 60-70% probability.

(Not vested)

(21-08-2013, 08:24 PM)Wildreamz Wrote: [ -> ]http://infopub.sgx.com/FileOpen/Acceptan...eID=253344

Level of acceptance: 82.93%

I stand by the opinion that they will up the offer price one way or another with a 60-70% probability.

(Not vested)

One friend was saying that if they up the offer price, those sold to them earlier will also entitle to the new offer price too. Is this correct? Anyone can verify this? THKS.

Yes. Entitled to price revision. See takeover code.

If I am the offeror, I would release a press statement to reiterate the no intention to
keep listing status. Then send the letter to all remaining shareholders to screw with their minds.

Will see more acceptance forms rolling in.

If never KP to the press at the start of offer, hard to reverse the momentum.

it is now 0.895 0.900 I think will go higher in coming days .....

goodness! BIG buyers blocking at 89.5cts till 90cts to show they want MORE!!

Mr Salim how? can up offer? or let it lapse? :O

(22-08-2013, 05:56 PM)brattzz Wrote: [ -> ]goodness! BIG buyers blocking at 89.5cts till 90cts to show they want MORE!!

Mr Salim how? can up offer? or let it lapse? :O

Announcement just made. No price increase. At least for this round. Will shareholders hold out for a better offer, if at all there is a next round of offer?

Game over liao. Those waiting for higher price increase (ESP those risk arbitrager) will throw to Offeror.

Either 90% CA or another 'Eastern Holdings' situation.

"NO PRICE INCREASE
CIMB wishes to announce, for and on behalf of the Offeror, that the Offeror does not intend
to increase the Offer Price of S$0.880 for each Offer Share. Under the Code, the Offeror
will not be allowed to subsequently increase the Offer Price."

Price drop, all sianz... left long term holders to fight another day!