Popular Holdings

[testwrite]

Testwrite:

Once popular announced open offer I decided to exit position. Then choice was whether to tender or sell at 31 cents where stock traded most of time. I did not want to tender shares on day 1 of receiving form as once you tender shares you cant have change of mind and withdraw from CDP & sell them. I just wanted flexibility of time to decide to tender or sell. Come to think of it if Popular has announced that Grand Apex had 70% acceptance (day before yesterday) - I am sure then it looks like the privatisation wont go through and stock would have fallen to 27-28 cents instead of 315 cents . In that case I just wanted flexibility to sell my holdings. By delaying tendering my shares I dont think I had much to loose. lastly the person who is offering at 32 cents is telling you he will tender his shares - he just dont want to take risk of deal falling through.

thank you for the explanation, you are right, now that the acceptance result is this good, most likely it will go through, you are taking precaution if the acceptance level is low, and they extend the deadline, you still can sell, never thought of that, thanks