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(15-11-2012, 10:05 AM)CityFarmer Wrote: Time for speculation... hour(s) before OUE move...
If OUE drops the idea of an offer, then the F&N share price will be "normalized" back to around $8.88. TCC will continue its GO, and acceptance rate will start to rise...
If OUE proceeds with its offer, the 1st offer price will be around $9.10-$9.40. The sage continue...
The OUE makes the move to offer. Offer price $9.08, slightly below my speculation
OUE has Kirin support, will start with 15% acceptance.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Time for another speculation, one day before TCC's offer next closing date
It should not be surprising that TCC rises their offer price. It's the amount that shareholders are waiting...
OUE's bid price of $9.08 is an opening bid. I am speculating that TCC next bid and subsequent bids are in small incremental amount.
So the next bid should be around $9.30-$9.50
Anyone has different speculation?
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How about TCC uses the same method as they deal with Heineken. Sit down, anything can talk.
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unlikely. If ThaiBev loses F&N's beverage business to Kirin and unlikely Kirin is willing to share it with ThaiBev(otherwise, Kirin could partner with ThaiBev), all effort will be wasted for ThaiBev. 9.08 is not a high enough price for ThaiBev to quit.
It is more difficult for OUE & Kirin to gain more than 50% support. ThaiBev & TCC just need price high enough to scare them away.
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OUE and Kirin have irrevocable undertakings and agreements. Kirin is restricted to accept other offer(s), as long as the offer is valid. So it is impossible for Kirin to negotiate with TCC before the end of the OUE offer.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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TCC throw in the towel after 5pm tomorrow and accept OUE offer price $9.08?
not vested
Not a call to Buy or Sell
Mr Bump: All I Can Smell Is My FEAR
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TCC extended the closing date to 11 Dec 2012, without raising their offer price of $8.88
http://info.sgx.com/webcoranncatth.nsf/V...E00313237/$file/ExtensionAnnouncement221112.pdf?openelement
It is getting more interesting for the GO...
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TCC is calling OUE & Kirin bluff.