Hmm.. no new offer, just extend the date. That begs the question, why when you put nothing new on the table?
http://www.businesstimes.com.sg/breaking...r-20121206
A consortium led by Overseas Union Enterprise (OUE) has despatched the official document for its S$9.08 per share general offer for majority control of Fraser & Neave (F&N), giving shareholders until Jan 3 to accept.
The OUE offer price is before any dividends, meaning that OUE will deduct from accepting shareholders any payouts that have been received before completion. F&N is currently proposing a 12 cents per share final dividend.
F&N shares closed at S$9.39 on Thursday, a 3 per cent premium to the offer price.
The OUE offer is conditional upon the consortium gaining majority control of F&N. The consortium, which comprises OUE and fund managers Farallon Capital Management and Noonday Global Management, does not currently hold any F&N shares, although they have secured an undertaking by F&N's 15 per cent shareholder, Kirin Holdings, to accept their offer.
These people are playing delay tactics, and making the F&N shareholders anxious!
(06-12-2012, 10:24 PM)LionFlyer Wrote: [ -> ]Hmm.. no new offer, just extend the date. That begs the question, why when you put nothing new on the table?
http://www.businesstimes.com.sg/breaking...r-20121206
A consortium led by Overseas Union Enterprise (OUE) has despatched the official document for its S$9.08 per share general offer for majority control of Fraser & Neave (F&N), giving shareholders until Jan 3 to accept.
The OUE offer price is before any dividends, meaning that OUE will deduct from accepting shareholders any payouts that have been received before completion. F&N is currently proposing a 12 cents per share final dividend.
F&N shares closed at S$9.39 on Thursday, a 3 per cent premium to the offer price.
The OUE offer is conditional upon the consortium gaining majority control of F&N. The consortium, which comprises OUE and fund managers Farallon Capital Management and Noonday Global Management, does not currently hold any F&N shares, although they have secured an undertaking by F&N's 15 per cent shareholder, Kirin Holdings, to accept their offer.
(06-12-2012, 10:24 PM)LionFlyer Wrote: [ -> ]Hmm.. no new offer, just extend the date. That begs the question, why when you put nothing new on the table?
http://www.businesstimes.com.sg/breaking...r-20121206
A consortium led by Overseas Union Enterprise (OUE) has despatched the official document for its S$9.08 per share general offer for majority control of Fraser & Neave (F&N), giving shareholders until Jan 3 to accept.
The OUE offer price is before any dividends, meaning that OUE will deduct from accepting shareholders any payouts that have been received before completion. F&N is currently proposing a 12 cents per share final dividend.
F&N shares closed at S$9.39 on Thursday, a 3 per cent premium to the offer price.
The OUE offer is conditional upon the consortium gaining majority control of F&N. The consortium, which comprises OUE and fund managers Farallon Capital Management and Noonday Global Management, does not currently hold any F&N shares, although they have secured an undertaking by F&N's 15 per cent shareholder, Kirin Holdings, to accept their offer.
The announcement of dispatching the offer doc is just a formal procedure for GO, formalizing of previous announcement. The closing date is their 1st closing date, instead of extension.
I will be surprise if it offers a different price during dispatching of offer documents.
Why still no news on sale of Mandarin Orchard and Gallery? The news was first announced in Sep 2012.
Louhan - suspect the sale has fallen thru.
TCC revised their offer price for F&N to $9.55. Is OUE going to revise their offer price too? Have to wait and see the price war!
(10-01-2013, 06:52 AM)newyorkcityboy Wrote: [ -> ]Louhan - suspect the sale has fallen thru.
After OUE gave up on bidding for F&N, its share price has moved up to $3. Wondering if anything is brewing...
OUE has just announced its financial year results. It's declaring a total final dividend of 8 cents.
http://info.sgx.com/webcoranncatth.nsf/V...B0032EED6/$file/OUE_LA_Deal_Press_Release_2013_03_11A.pdf?openelement
Buying a 24 yr old half occupied bldg in California (make no mistakes - not in Manhattan) and still boast about it?
OUE appears to a bargain hunter. However, property is about location, location and still location.
Metro has done it before buying into a Tokyo bldg that has since saw occupancy decline to half empty as well. OUE?
I think Dr Lien also no eyes to see.
After my experience with Auric that has witnessed countless shareholders wealth destruction, apart from odd lots and annual report and AGMs to collect door gift, I really don't want to park my hard earned cash with Riady.
Vested with share cert