(10-01-2013, 09:57 AM)Louhan Wrote:(10-01-2013, 09:50 AM)freedom Wrote: even if SC Global is delisted, within a year, SC can't make another offer to the rest of minority shareholders if the current offer closes.
Given the stated risks, it's safer to invest in Wheelock than SC Global at this time, as Wheelock has the power to negotiate with Simon Cheong for a better deal than the minority shareholders of SC Global. Am I right?
from Wheelock's point of view, it does not matter whether SC Global is listed or not.
you can't say the same for minority shareholders. Minority shareholders are never in a position to negotiate. It will be a classic worse-worse scenario in game theory.