there are a few uncertainty with this transaction.
but fews thing we are sure, they have the funds to go through, it is a simple transaction and temasek which holds more than 50% agree to sell
so only problems are anti trust and whether offerer will go through
they mentioned the combine business will be about 12%, hence anti trust should be ok, but who knows, and I think the offeror will go through the deal, since so much effort in put into it, and there is a 100 million fine
it is cheaper then 1.3 because they deal might takes 1 year, who knows, and it might not succeed
but it looks like a buy at price of 1.22, as it is a friendly takeover, and many parties are blessing the transaction, only dont know anti trust and maybe offeror got second thoughts
CMA can also buy cheaply from open market to cross the 90% , without having to offer to minorities at 1.30 , so average takeover price will be lower than 1.30 .
(08-12-2015, 10:07 AM)testwrite Wrote: [ -> ]there are a few uncertainty with this transaction.
but fews thing we are sure, they have the funds to go through, it is a simple transaction and temasek which holds more than 50% agree to sell
so only problems are anti trust and whether offerer will go through
they mentioned the combine business will be about 12%, hence anti trust should be ok, but who knows, and I think the offeror will go through the deal, since so much effort in put into it, and there is a 100 million fine
it is cheaper then 1.3 because they deal might takes 1 year, who knows, and it might not succeed
but it looks like a buy at price of 1.22, as it is a friendly takeover, and many parties are blessing the transaction, only dont know anti trust and maybe offeror got second thoughts
The cost is about 6% ($1.22/$1.3), which includes the time value, as well as the risks of anti-trust clearances in the US, European Union and China. I reckon, the buyers have rated the deal as almost "done-deal".
Will CMA CGM made an offer to us the retail investors to acquire our shares at S$1.30 or CMA CGM acquires from Temasek only?
(08-12-2015, 11:27 AM)butcher Wrote: [ -> ]Will CMA CGM made an offer to us the retail investors to acquire our shares at S$1.30 or CMA CGM acquires from Temasek only?
It's a General Offer right? And since Temasek (67%) already agreed to sell, that means the deal will turn unconditional once it passed the
anti-trust clearances. Looks like a steal at current 1.22 
.
Did I miss out anything? 
Sorry for my ignorance, General Offer means offer to buy from retail investors right?
(08-12-2015, 11:37 AM)butcher Wrote: [ -> ]Sorry for my ignorance, General Offer means offer to buy from retail investors right?
GO for all shareholders !
(08-12-2015, 11:32 AM)desmondxyz Wrote: [ -> ] (08-12-2015, 11:27 AM)butcher Wrote: [ -> ]Will CMA CGM made an offer to us the retail investors to acquire our shares at S$1.30 or CMA CGM acquires from Temasek only?
It's a General Offer right? And since Temasek (67%) already agreed to sell, that means the deal will turn unconditional once it passed the anti-trust clearances. Looks like a steal at current 1.22 .
Did I miss out anything?
6% return for holding it for 8-9 months is considered fair , treat it as a short term bond . Feel highly unlikely the deal can't get through .