(20-11-2012, 08:51 AM)KopiKat Wrote: Only 49ct....
NORTHSTAR MAKES MANDATORY UNCONDITIONAL CASH OFFER FOR NERA TELECOMMUNICATIONS AT S$0.49 PER SHARE
MANDATORY UNCONDITIONAL CASH OFFER
Save as disclosed in this Announcement, as at the Offer Announcement Date, none of the
following persons, namely, (a) the Offeror, Holdco, GP, NS III, Northstar Advisors and their
respective directors, and (b) SCB, as financial adviser to the Offeror in connection with the
Offer (each, a "Relevant Person"):
(i) owns, controls or has agreed to acquire any (A) Shares, (B) securities which carry
voting rights in the Company, © convertible securities, warrants, options or
derivatives in respect of, such Shares or securities (collectively, the "Company
Securities");
(ii) has received any irrevocable undertakings from any party to accept or reject the Offer;
(iii) has entered into any arrangement (whether by way of option, indemnity or otherwise)
in relation to shares of the Offeror or the Company which might be material to the
Offer; and
(iv) has (A) granted a security interest over any Company Securities to another person,
whether through a charge, pledge or otherwise, (B) borrowed from another person
any Company Securities (excluding borrowed Company Securities which have been
on-lent or sold) or © lent any Company Securities to another person.
Eltek has agreed but Northstar did not receive irrevocable undertaking from Eltek?
This is basically 骑驴找马。
Let's see whether ST Electronics will show hand again.