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Based on last traded price the bank capitalisation is $7B. How are shareholders supposed to accept such a low offer.
https://www.bloomberg.com/news/articles/...lion-offer
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 20-03-2023, 04:45 AM by
sgbuffett.)
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correct move.
we must not allow the thought to sink in
SNB no good.
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Deal goes through after offer raised.
Looks like shareholders to lose more than 50% overnight as offer
Is less half the market cap of last close!
The Saudi National Bank which caused a run on the bank with it's remarks to the reporter a few days ago, lost most of its investments in Credit suisse which it made last year. Shows the importance of being careful what you say
https://www.bloomberg.com/news/articles/...end-crisis
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Aiya low ball take over or privatisation are common ,this scenario happened in SG too like Chip ES, Boustead project etc....hope our banks won't have such thing happened.
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TS sleeping when the deal signed.
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Why not ask the major shareholder to take over instead. Asked them to pump in more money don't want, but low-ball offer, why not.
Maybe this kind of lobang must be reserved for ownself..
1. I have served the nation in a combat unit for 2.5 + 10 years. I had fulfilled my duty as a citizen, but has the country do it's part for me?
2. I don't know where the threat of CCP is, but I know the threat of CECA is already at my doorsteps
3. I had been called a CCP, JHK, Pinoy, but they never called me a CECA..
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Yes too many banks so need merger or take over to reduce those lousy banks
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