Interplex Holdings (formerly: Amtek Engineering)

http://infopub.sgx.com/FileOpen/Pre-cond...eID=383617

A party has made an offer for Amtek (nka Interplex) at $0.82 per share. Sadly another decent company is going off.

Wonder will they relist again next time

Offer price is 82ct but now trading at 78.5ct. This means investors feel the offer will be rejected. Am I right to say that?

(24-12-2015, 09:33 AM)Bibi Wrote: Offer price is 82ct but now trading at 78.5ct. This means investors feel the offer will be rejected. Am I right to say that?

The deal is subject to the approval from bondholders. There is a risk that the bondholders may reject the offer.

(24-12-2015, 09:48 AM)desmondxyz Wrote:

(24-12-2015, 09:33 AM)Bibi Wrote: Offer price is 82ct but now trading at 78.5ct. This means investors feel the offer will be rejected. Am I right to say that?

The deal is subject to the approval from bondholders. There is a risk that the bondholders may reject the offer.

i hope i am not wrong, but i dont think bondholders will reject, reason being, the interest rate has went up and if interest rate went up further, their bond will get cheaper,  infact if i am the offeror, i will not buy over the bonds, since, the financing is cheaper