ARA Asset Management

[ksir]

How market crash when SGX companies whole day kenna privatised?

I think the recent spate of buyouts is due to mega PE funds raised by KKR, Carlyle, etc. Need to put the billions to work..

Maybe it was a sign when Roast duck Aztech makes a buyout offer...haha..

I thought it is the other way?
STI has been lower or at best flat since 2008. The pool may be ugly and water not clear, but of course good fishermen can still find good & cheap fishes.

[opmi]

How market crash when SGX companies whole day kenna privatised?

I think the recent spate of buyouts is due to mega PE funds raised by KKR, Carlyle, etc. Need to put the billions to work..

Maybe it was a sign when Roast duck Aztech makes a buyout offer...haha..

I thought it is the other way?
STI has been lower or at best flat since 2008. The pool may be ugly and water not clear, but of course good fishermen can still find good & cheap fishes.

mkt crash when it is too expensive that no bargains to be found. 

If it is not, it will just move along..I am referring to the general market.

[EnSabahNur]

Li Ka Shing-linked ARA Asset Management lands buy-out bid

FOR a real-estate fund manager, access to capital is crucial and this may well explain why ARA Asset Management Ltd's founder John Lim is tying up with American private-equity (PE) heavyweight Warburg Pincus to launch a takeover of the company - if the rumour holds true.

Mr Lim is leading a consortium of existing shareholders in the buyout plan, according to a Wall Street Journal report citing people familiar with the situation.

Collectively, Mr Lim, The Straits Trading Company and Cheung Kong Property Holdings own close to 47 per cent of ARA.

http://www.businesstimes.com.sg/real-est...uy-out-bid

[specuvestor]

I'm personally surprised by this development after they sold to Straits Trading

But I won't be surprised if the final structure shows CK selling out

[Muser]

* Good news and a much needed catalyst for a good business which has been languishing in recent times.

* John Lim has led the business well with good returns and, if the buyout puts him in even better control, thats good news for the company & investors

* The company is possibly worth much more than the current $1.5

[cyclone]

The privatisation will be effected by way of a Scheme of Arrangement.
Scheme Consideration of S$1.78 per Scheme Share, representing significant premiums to the following benchmarks up to and including 2 November 20161 :
* 43.9% over the 12-month VWAP;
* 31.7%, 30.3%, 29.6% and 26.2% over the 6-month, 3-month, 1-month VWAPs and the last traded price, respectively
* Exceeds the highest closing price of ARA shares over the past 2.5 years.
The Offeror does not intend to increase the Scheme Consideration and accordingly, this represents  the final price for each Scheme Share.


[opmi]

How much did Straits Trading paid?

[cyclone]

How much did Straits Trading paid?

It paid S$1.7326 per share.

[pianist]

How much did Straits Trading paid?

It paid S$1.7326 per share.

wah so high..maybe this could be motivation for wanting to do a buyout so that old lady can exit n happy?

[lonewolf]

How much did Straits Trading paid?

It paid S$1.7326 per share.

wah so high..maybe this could be motivation for wanting to do a buyout so that old lady can exit n happy?

STC is part of the rollover shareholders.

Before the scheme, STC holds 20.1%. After the scheme, they will hold 20.95%. 

So STC is not cashing out.