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there are a few uncertainty with this transaction.
but fews thing we are sure, they have the funds to go through, it is a simple transaction and temasek which holds more than 50% agree to sell
so only problems are anti trust and whether offerer will go through
they mentioned the combine business will be about 12%, hence anti trust should be ok, but who knows, and I think the offeror will go through the deal, since so much effort in put into it, and there is a 100 million fine
it is cheaper then 1.3 because they deal might takes 1 year, who knows, and it might not succeed
but it looks like a buy at price of 1.22, as it is a friendly takeover, and many parties are blessing the transaction, only dont know anti trust and maybe offeror got second thoughts
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CMA can also buy cheaply from open market to cross the 90% , without having to offer to minorities at 1.30 , so average takeover price will be lower than 1.30 .
“risk comes from not knowing what you’re doing.”
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(08-12-2015, 10:07 AM)testwrite Wrote: there are a few uncertainty with this transaction.
but fews thing we are sure, they have the funds to go through, it is a simple transaction and temasek which holds more than 50% agree to sell
so only problems are anti trust and whether offerer will go through
they mentioned the combine business will be about 12%, hence anti trust should be ok, but who knows, and I think the offeror will go through the deal, since so much effort in put into it, and there is a 100 million fine
it is cheaper then 1.3 because they deal might takes 1 year, who knows, and it might not succeed
but it looks like a buy at price of 1.22, as it is a friendly takeover, and many parties are blessing the transaction, only dont know anti trust and maybe offeror got second thoughts
The cost is about 6% ($1.22/$1.3), which includes the time value, as well as the risks of anti-trust clearances in the US, European Union and China. I reckon, the buyers have rated the deal as almost "done-deal".
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Got some at 1.22 .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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Will CMA CGM made an offer to us the retail investors to acquire our shares at S$1.30 or CMA CGM acquires from Temasek only?
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Sorry for my ignorance, General Offer means offer to buy from retail investors right?
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(08-12-2015, 11:37 AM)butcher Wrote: Sorry for my ignorance, General Offer means offer to buy from retail investors right?
GO for all shareholders !
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The timeline of the offer, is illustrated in page 8 of media presentation below. You will find the expected milestones of the offer, and their estimated date there.
http://infopub.sgx.com/FileOpen/Media%20...eID=381434
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(08-12-2015, 11:32 AM)desmondxyz Wrote: (08-12-2015, 11:27 AM)butcher Wrote: Will CMA CGM made an offer to us the retail investors to acquire our shares at S$1.30 or CMA CGM acquires from Temasek only?
It's a General Offer right? And since Temasek (67%) already agreed to sell, that means the deal will turn unconditional once it passed the anti-trust clearances. Looks like a steal at current 1.22 
.
Did I miss out anything? 
6% return for holding it for 8-9 months is considered fair , treat it as a short term bond . Feel highly unlikely the deal can't get through .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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