03-04-2012, 12:08 PM
(03-04-2012, 12:05 PM)Some-one Wrote: Another thing which I do not quite understand. Considering that Navis is offering $0.42 per share, why is Adampak selling at $0.415 now? Normally for such cases, I would be seeing the price charging to $0.42, making it impossible for any investor to buy it in order to sell it to the offeror.
Some investors wouldn't want to wait for another 2 months before they get their cash due to opportunity cost. So they sell it at a slight discount to those who are willing to profit from 0.5 cent gain in 2 months worth of holding (like a Fixed Deposit with a bit more risk).
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