(08-12-2015, 12:08 PM)cfa Wrote: [ -> ] (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 
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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 .
So, is there information asymmetry? If yes, who has more information - the buyers or sellers?
Some institutional entity could be on the sell side of your buy - Could they have more information than u?
i think there is some information asymmetry, it always exists, else why is there is price increase of 90% before the announcement of the offer. but i think some critical information are still kept quite well, for those who buy a few days before the trading halt, they are buying at 1.2-1.22, which is quite a bad price for the risk taken, as there is no offer.
The question now, whether there is more information asymmetry going forward, my feeling it is going to be less than other GO. reason being
Temasek is the biggest shareholder, I dont think they will let other party have an advantage over them, and i also dont think they will try to gain whatever information advantage over minority shareholder, that is not the point of this whole GO
For those, especially the short term traders , bought around 1.00 to 1.20 , weeks before announcement , should be happy to take profit now . Those with trading mentality will not tight down their fund for the next few cents , they will rather reserve their fund for next '' GEM '' .
Showing hand soon , CMA has been scooping non stop from open market , as of today at 6.55% . Looks like CMA got to raise its offer price to cross 90%.
Antitrust approved this deal . CMA will GO by 02june . Price ?
Round 1 should be 1.30 just to test minorities' response .
CMA offered S$1.30 , and it is final !
The Offeror does not intend to increase the Offer Price.Therefore, in accordance with Rule 20.2 of the Code, the Offeror will not be allowed to subsequently amend the terms of the Offer, including the Offer Price, in any way.
http://infopub.sgx.com/FileOpen/Offer%20...eID=407076