b34r :
"A private group will tender an offer for a company's shares and stipulate the price it is willing to pay. Typically, it's a premium over the current market price. If a majority of voting shareholders accept, the bidder pays the consenting shareholders the purchase price for every share they own" In this case, since the PIF already owns 60%+, they can get away with a 10%-20% premium above market - which is well below $20. Tamper your expectations.
b34r :
Under SGX rules, once the free float drops below a certain percentage, the offer becomes compulsory. Not sure if NYSE works the same way. PIF can get away with a very low buyout price if the price continues dropping.
The Brown Knight : 12-14$
YYVE : Me 2 above 50
b34r : "A private group will tender an offer for a company's shares and stipulate the price it is willing to pay. Typically, it's a premium over the current market price. If a majority of voting shareholders accept, the bidder pays the consenting shareholders the purchase price for every share they own"
In this case, since the PIF already owns 60%+, they can get away with a 10%-20% premium above market - which is well below $20. Tamper your expectations.
b34r : Under SGX rules, once the free float drops below a certain percentage, the offer becomes compulsory. Not sure if NYSE works the same way. PIF can get away with a very low buyout price if the price continues dropping.
b34r : Just saying, the buyout windfall is not a sure thing - even if there is a buyout.
Trading TradesmanOP b34r: I only need 15+