Today is deadline for acceptance of Offer for k1Venture. The Offeror has received valid acceptances of 73.72% only. Shame! Shows the cheapskate offer price is being spurned. The deadline has been extended by another 2 weeks. Ha!
Yet another company: Superior Multi-Packaging. This company earlier disclosed that the potential offeror "aborted" the discussion and the share price collapsed. Following the release of a dismal interim result and the depressed share price, the offer was finally made. The disclosure standard leaves much to be desired.
Â
NextWednesday is deadline for K1 offer. I am quite sure it will not reach 90%, and the privatisation will fail. After that.... scenario A is the Offeror ups the offer price to ????.
scenario B, no increase in offer price --- result is the stock price will drift down to 11 or even 10 cents. Take your pick. What do you think is likely?
Frencken is making a voluntary general offer to acquire all the issued and paid up
ordinary shares in Juken (excluding Juken treasury shares) on the following basis:
(i) S$0.18 in cash for each Juken Share; or
(ii) One new Frencken share to be issued for every 1.8 Juken Shares held, subject
to the Cap (as defined below)
NextInsight
a hub for serious investors
