In today’s briefing:
- Oishi Group (OISHI TB): IFA Recommends the THB59.00 Delisting Offer
Oishi Group (OISHI TB): IFA Recommends the THB59.00 Delisting Offer
- The Oishi Group PCL (OISHI TB) IFA opines that shareholders approve Thai Beverage (THBEV SP)’s delisting tender offer of THB59.00 per share at the EGM on 3 May.
- The offer is conditional on Oishi shareholder approval which requires 75% approval by total outstanding shares and <10% rejection by total outstanding shares.
- The offer is attractive to the IFA’s fair value of THB53.48-56.42 per share. At last close and the end-July completion, the gross and annualised spread is 2.2% and 8.1%, respectively.
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