15-04-2014, 09:27 AM
I think the reason for CapitaLand to take over CMA is compelling but the price they offer is reasonable but not compelling. I hope they will revise the offer upwards.
(15-04-2014, 09:27 AM)egghead Wrote: [ -> ]I think the reason for CapitaLand to take over CMA is compelling but the price they offer is reasonable but not compelling. I hope they will revise the offer upwards.
(15-04-2014, 09:42 AM)kikababoo Wrote: [ -> ](15-04-2014, 09:27 AM)egghead Wrote: [ -> ]I think the reason for CapitaLand to take over CMA is compelling but the price they offer is reasonable but not compelling. I hope they will revise the offer upwards.
Unless theres any significant stake shareholder of CMA who resist selling at 2.22, if not most likely this deal will go through. They probably will/already hit 70% by now from open market accumulation. the IFA will use premium to Book as well as premium over VWAP as a strong justification to recommend shareholders to accept the offer. Don't think we will see any revised offer (but still hope to).
(15-04-2014, 10:04 AM)egghead Wrote: [ -> ]No short squeeze trap so far.(15-04-2014, 09:42 AM)kikababoo Wrote: [ -> ](15-04-2014, 09:27 AM)egghead Wrote: [ -> ]I think the reason for CapitaLand to take over CMA is compelling but the price they offer is reasonable but not compelling. I hope they will revise the offer upwards.
Unless theres any significant stake shareholder of CMA who resist selling at 2.22, if not most likely this deal will go through. They probably will/already hit 70% by now from open market accumulation. the IFA will use premium to Book as well as premium over VWAP as a strong justification to recommend shareholders to accept the offer. Don't think we will see any revised offer (but still hope to).
Yah, quite surprising that many are eager to sell below $2.20. Base on 3.9 billion share, they need to buy or get acceptance for another 975m shares to hit 90%.
(15-04-2014, 09:42 AM)kikababoo Wrote: [ -> ]Why yield without a fight? Minority shareholders shouldn't sell their shares st $2.20 & instead hold out for a more compelling offer. It's not a lost cause.(15-04-2014, 09:27 AM)egghead Wrote: [ -> ]I think the reason for CapitaLand to take over CMA is compelling but the price they offer is reasonable but not compelling. I hope they will revise the offer upwards.
Unless theres any significant stake shareholder of CMA who resist selling at 2.22, if not most likely this deal will go through. They probably will/already hit 70% by now from open market accumulation. the IFA will use premium to Book as well as premium over VWAP as a strong justification to recommend shareholders to accept the offer. Don't think we will see any revised offer (but still hope to).
(15-04-2014, 11:17 AM)egghead Wrote: [ -> ]Anyone think it may be worthwhile to buy at $2.18-$2.19 instead?
(16-04-2014, 12:15 AM)Ferns Wrote: [ -> ]Hi, I'm new to investing.
Have a question regarding this privatisation. What happens to shareholders who refuse to sell their shares when it is delisted?
My inference from what lonewolf posted earlier is that once 90% is hit, the remaining 10% must sell.
Edit: I did a quick read up after this post. Investopedia and a few other sources answer this. You continue to hold on the shares but trading it becomes OTC or pink sheet (which is something I don't understand yet)