Homepage
PR Newswire
30-01-2013, 08:22 PM
(This post was last modified: 30-01-2013, 08:57 PM by felixleong.)
OCBC is so damn evil
Straits trading offer of $3.41 was quite close to book value, I think it was a fair offer but not an attractive one
Now OCBC making use of UE to pay a hefty premium for WBL
End of the day UE shareholers lugi and OCBC tan tio
Straits trading likely has only 2 choice, take the $4 offer or make a higher bid
If they make a higher bid, their shareholders stand to lose
No matter which path taken, OCBC wins with a big gain on their books
Straits trading offer of $3.41 was quite close to book value, I think it was a fair offer but not an attractive one
Now OCBC making use of UE to pay a hefty premium for WBL
End of the day UE shareholers lugi and OCBC tan tio
Straits trading likely has only 2 choice, take the $4 offer or make a higher bid
If they make a higher bid, their shareholders stand to lose
No matter which path taken, OCBC wins with a big gain on their books