07-08-2013, 02:17 PM
(07-08-2013, 06:30 AM)shn Wrote: Each one will have to make his/her decision. I am inclined to think that the offer will be revised upward because there is still a lot of meat left for the controlling shareholders even if the offer is revised upward by 10% to 97 cents.
Assume that the controlling shareholders made an offer at 97 cents to start with, other shareholders would still expect a revision of the offer; hence, if I am the controlling shareholders, I will also first offer a price lower than the final price I am willing to offer, and then revise the price upward later.
I believe 97 cents is fair to both parties. I am one who bought more at 88 cents from the market after weighting the risk and reward.
Found that bugger
