CapitaMalls Asia

[Fibonacci236]

Just to clarify my doubts ,

If they fail to accumulate more than 90% , once the counter goes xd we still get our dividends right ?

But if they managed to accumulate more than 90% and trigger the mandatory takeover , even the counter is trading at xd, we won't get the dividends , just $2.22 per share ?

[egghead]

Base on the current offer:
If you hold it until xd, you will receive the dividend first (on 16-May); and the offer will be reduced to $2.2025 accordingly.

[egghead]

70.3% as of today. Interestingly, out of 113 million shares transacted today, they only managed to buy 60 million shares. Who bought the other 53 millions?

Dealings Disclosure 25 Apr

[oys-ter]

One of the reason why the offeror make this offer a conditional instead of unconditional could be to test whether the offer price can attract enough acceptance for privatisation. Thus, the offeror can take a wait and see approach. If the offer price is not attractive, the offeror can extend the offer deadline or buy up all share in the market at or below offer price and then increase the offer price.

Another reason is the aim of the offeror in this case is to privatise the target company and not to increase shareholding. By making the conditional offer, it prevents situation whereby the offeror is forced to buy share which is tendered to them which could result in an increase in the offeror shareholding but not enough to privatise the target company.

Hence, a conditional offer offers more options to the offeror than an unconditional offer.

[MINX]

70.3% as of today. Interestingly, out of 113 million shares transacted today, they only managed to buy 60 million shares. Who bought the other 53 millions?

Dealings Disclosure 25 Apr

Unity is strength. If all minority shareholders stop selling in open market, I'm sure a higher offer is not impossible. It would still be a great deal for capitaland. Ayway, the offer price is already fixed at $2.22, you've nothing to lose if you hold out for a higher offer, am I correct?

[MINX]

70.3% as of today. Interestingly, out of 113 million shares transacted today, they only managed to buy 60 million shares. Who bought the other 53 millions?

Dealings Disclosure 25 Apr

Noticed someone buying above offer price of $2.22 on Friday, today bought at $2.24. There is a RUMOUR in another forum that another company might be making a counter bid of $2.50 for CMA. Considering that there are quite a few developers sitting on big piles of cash with nowhere to invest, CMA would make a good purchase as it would fill their retail business void, is this is a possiblity or is my imagination running wild?

[egghead]

Not possible that CapitaLand will let CMA go at $2.50.

[Temperament]

Not possible that CapitaLand will let CMA go at $2.50.

In the stock markets, anything is possible (to me). When i start to think it is not possible, i better be out of the market. imo.

[MINX]

Not possible that CapitaLand will let CMA go at $2.50.

A bidding war will benefit minority shareholders as it would result in a more compelling offer price for CMA instead of the lean $2.22

[MINX]

CMA is worth at least $2.50 to $2.60, don't shortchange yourself and sell for anything less.