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01-04-2015, 09:20 AM
Please stop blaming Keppel Corp Management for the fact that the acceptance didn't cross the 95.5% threshold. Its not as if they did not try by extending the offer. If anyone is to blame, its the shareholders who adopt a wait and see attitude.
In any case, I think the majority of shareholders would still be happy with the $4.38 offer and there was no necessity to dangle the $4.60 carrot. I can't fathom anyone rather the offer not go through resulting in the share price dropping back to the pre-offer level of $3.65.
In any case, I think the majority of shareholders would still be happy with the $4.38 offer and there was no necessity to dangle the $4.60 carrot. I can't fathom anyone rather the offer not go through resulting in the share price dropping back to the pre-offer level of $3.65.