In today’s briefing:
- Sermsuk (SSC TB): THBEV’s Delisting Offer
Sermsuk (SSC TB): THBEV’s Delisting Offer
- Thai Beverage (THBEV SP) is proposing to take 64.67%-held Sermsuk PCL (SSC TB) private by way of a voluntary Delisting Offer.
- The Offer price is THB 63/share, a 27.9% premium to last close.
- This Delisting Offer requires a Scheme-like shareholder vote. Payment may occur late 4Q24. This is an illiquid arb.
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