Low Ball Offer by the Management Team
$Singapore O&G(1D8.SG$ Announced a lower profit; share price crashed; Then a low ball offer ($0.295 per share) follows….worst part is they don’t even throw in the dividends as carrot (Dividend will be deducted from the offer price)! The minority shareholders who supported the company in the past few years are being squeezed and forced to accept the offer now…😡
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Kenken7979 : many companies on sgx behaved like this. super chao kuan. where's and what's the minority shareholders safeguard?
hydros : closed at 30c. someone thinks they will revise offer?
101754615 hydros: It is unlikely. The Offeror has been buying up shares daily since March 9th from the open market, and they now control 77.99% of all issued shares. Minority shareholders don't have enough to block their voluntary cash offer.