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13-03-2015, 11:10 AM
Looks like the odd is against the minority.
Anyway, I wouldn't bother to tender my share.
If the offeror manage to trigger the 90%, Keppel Land get suspended, most of the minorities will surrender, and Blackrock will surrender too....
So triggering 95% is just a matter of time.
So, it's back to square one, they have to pay $4.60 .
In the first place, they should have offer a straight $4.60 offer, which at least would not give them a bad name.
Instead, the offeror choose to let the STUPID advisors DBS and Creidt Suisse play the low baller.
So when Blackrock and some clever minorities push the market price to $4.53 and above,
the $4.38 that they offer began to look stupid.
So the offeror have no choice but the buy back the share at market price ( $4.53 and above ) to prevent the stupid takeover bid to fall apart......
So, the potential saving they could get by playing low baller varnish......
In conclusion :
And playing low baller game gain them nothing but instead make them look like a fool.
Anyway, I wouldn't bother to tender my share.
If the offeror manage to trigger the 90%, Keppel Land get suspended, most of the minorities will surrender, and Blackrock will surrender too....
So triggering 95% is just a matter of time.
So, it's back to square one, they have to pay $4.60 .
In the first place, they should have offer a straight $4.60 offer, which at least would not give them a bad name.
Instead, the offeror choose to let the STUPID advisors DBS and Creidt Suisse play the low baller.
So when Blackrock and some clever minorities push the market price to $4.53 and above,
the $4.38 that they offer began to look stupid.
So the offeror have no choice but the buy back the share at market price ( $4.53 and above ) to prevent the stupid takeover bid to fall apart......
So, the potential saving they could get by playing low baller varnish......
In conclusion :
And playing low baller game gain them nothing but instead make them look like a fool.