Interplex Holdings (formerly: Amtek Engineering)

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#51
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
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#52
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?
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#53
(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.
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#54
(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
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