CAF-POWThe buyout offer is 1.85 per share, could anybody help to shed light as why the current share price is not traded closer to the offer price?
jpleowThe take-over offer is conditional - need 90% acceptance - otherwiase the offer will lapse & all acceptances will be returned. See the attachment in announcement on 16/4/13 - section 3.2 'Condition of the Offer'.
Even if it is unconditional, the buyers need to make profit from buying at a discount.
necroThis counter in 2009 its price RM0.19.... Huhuhu
CAF-POWthanks jpleow...I am still learning, good to know.
hornetsjethow come still got people willing to buy at 1.85??
jpleowBetter sell to them since the acceptance level is low according to 6/6/13 announcement - unlikely to be successful.