Offer price is 82ct but now trading at 78.5ct. This means investors feel the offer will be rejected. Am I right to say that?
(24-12-2015, 09:33 AM)Bibi Wrote: [ -> ]Offer price is 82ct but now trading at 78.5ct. This means investors feel the offer will be rejected. Am I right to say that?
The deal is subject to the approval from bondholders. There is a risk that the bondholders may reject the offer.
(24-12-2015, 09:48 AM)desmondxyz Wrote: [ -> ] (24-12-2015, 09:33 AM)Bibi Wrote: [ -> ]Offer price is 82ct but now trading at 78.5ct. This means investors feel the offer will be rejected. Am I right to say that?
The deal is subject to the approval from bondholders. There is a risk that the bondholders may reject the offer.
i hope i am not wrong, but i dont think bondholders will reject, reason being, the interest rate has went up and if interest rate went up further, their bond will get cheaper, infact if i am the offeror, i will not buy over the bonds, since, the financing is cheaper