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From my understanding, you can either choose to receive $3.41 in cash or 1.07 shares of Straits Trading for your 1 share of WBL.
The offer is for all shareholders.
Please correct me if I'm wrong.
Specuvestor: Asset - Business - Structure.
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$3.41 is undervalued IMO.
You can count on the greed of man for the next recession to happen.
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this ms chew is playing a bargain game with us i think..
offering 3.41 when market close last night was 3.48.
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swapping WBL for STC is a good idea. STC now enjoys recurring revenue from their 20% stake in FEO hospitality management company.
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The stock closed at $3.84 last week. Is the market expecting a competing bid for WBL?
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There is a cover story on WBL in most recent issue of The Edge Singapore. Titled as "The play for WBL"
It give an good overview and reason(s) to bid for WBL and future plan(s) of WBL
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡