why is SPH trading below offer price of 2.36?
$SPH(T39.SG$ it is imcomprehensible that SPH is trading at a discount of 4 cents to the cash offer of 2.36 which is a discount of 1.73 percent. Now that the final approval for Cascaden offer is already obtained, there is greater certainty that the Cascaden offer will go through. This offers a risk free
investment return of 1.73 percent in this volatile trading environment.
investment return of 1.73 percent in this volatile trading environment.
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LucasAbigail : What if shareholders doesn’t approve both offers. How much would SPH be worth at that point in time?
101590763 OP : Shareholders will only disapprove if they think the offer is not good enough as SPH is worth more than 2.36. The share price may come down slightly but will pick up as interested parties will accumulate in the open market when price drops below 2.36.