Because he is taking this private, even if he buy from open market, those who have shares not sold to him will still get paid the amount approved. Because when you want to take private if you hold too many shares you will need to be delisted too. He wouldn't want to get into such trouble esp. when to him it is a good deal.
Stock: [MMCCORP]: MMC CORPORATION BHD
2021-10-01 11:06 | Report Abuse
Because he is taking this private, even if he buy from open market, those who have shares not sold to him will still get paid the amount approved. Because when you want to take private if you hold too many shares you will need to be delisted too. He wouldn't want to get into such trouble esp. when to him it is a good deal.