Jardine Strategics Holdings

[Shiyi]

Traditional long funds are useless in takeover offeror. They cannot fight too hard and end up price drops if offer lapses.  At most KPKB a bit to raise the prices. Can see that recently.

Hi opmi,

I think your post is referring to general takeover offers, and not specific to this JSH case? Because in this case, the amalgamation will surely go through as it needs only 75% of the votes and JMH already owned nearly 85% of JSH. There is little risk that this amalgamation will lapse.

For those who intend to fight for a better price via Bermuda court, there is only upside and no downside. Your JSH shares will be amalgamated at US$33 per share. Just take the offer price first and then fight it out to see whether you can get more. Its a simple decision for institutional investors.

For small retail investors, it is a bit more difficult. As you can see from the SIAS statement, we need at least a certain amount of money at stake so that it is worth the legal costs. Otherwise, it is not worth it.

Should the Bermuda court make a judgment in favour of the dissenting shareholders, will the retail investor stand to benefit even that he is not a party in the lawsuit?