07-10-2013, 11:06 PM
(07-10-2013, 11:03 PM)crabcrab Wrote: [ -> ]Likely to trade above offer price tomorrow....
Will it stay above the offer price?
My guess. Those risk arbs won't play coz it is a CONDITIONAL offer.
(07-10-2013, 11:03 PM)crabcrab Wrote: [ -> ]Likely to trade above offer price tomorrow....
(07-10-2013, 11:19 PM)CY09 Wrote: [ -> ]Lol 0.75 is roughly what I expected. Only an average deal! but guess due to the small float held by the public for these shares, the offer is likely to go through
(08-10-2013, 08:26 AM)desmondxyz Wrote: [ -> ]It's more like Guthrie case, big boss will win eventually....
(08-10-2013, 02:27 AM)Vseeker Wrote: [ -> ]once the PReConditional get satisfied, it's as good as a done deal
the power brokers here will be minorities shrhldrs at listed HH, they collectively have the means to block the deal,
but minorities of SB will have little say, even if all of them opposes,
at best they get to maintain SB listing ala a "SingLand under UIC" situation (with SB being SingLand)
ofcoz in such a outcome ("SingLand under UIC"), for monies (future divestment $$) to flowup to parent HH, minorities of "still listed SB" will also get a bite of it.
(09-10-2013, 09:07 PM)CY09 Wrote: [ -> ]One party just brought his stake up to 5% of Superbowl (deemed + Direct interest). That's approx. 17% of the shares (excluding HH's) that will decide if the offer goes through. Wonder whose side he is on.
My personal view is that Superbowl will not be able to secure above 80% of the subject shares (excluding HH's) to vote yes. Thus the min acceptance condition will be set below 80% or they will raise their offer price
<still vested>