In today’s briefing:
- Oishi Group (OISHI TB): Shareholders Approve the THB59.00 Delisting Offer
Oishi Group (OISHI TB): Shareholders Approve the THB59.00 Delisting Offer
- Oishi Group PCL (OISHI TB)’s shareholders overwhelmingly approved Thai Beverage (THBEV SP)’s delisting tender offer of THB59.00 per share. The approval was expected as ThaiBev was allowed to vote.
- The offer is attractive compared to historical share prices, multiples and the IFA’s fair value of THB53.48-56.42 per share.
- The delisting now requires SET approval. At the last close and for an end of July completion, the gross and annualised spread is 2.2% and 9.4%, respectively.
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