bullish

Genetron (GTH US): Wide Spread Ahead of the 21 February Vote

671 Views21 Jan 2024 02:16
Despite the light offer, this is a done deal. At the last close price and end of March completion, the gross and annualised spread is 7.7% and 45.5%, respectively.
Boomeranged on Wed, 21 Feb 2024 21:55
Shareholders overwhelmingly approve the privatisation proposal. Turnout was at 75.4% of outstanding shares. Among these shareholders, 99.9% voted in favour of the proposal. There is no reference to the maximum dissenting condition being breached or the status of regulatory approvals. The current gross spread is 6.5%. The transaction should close by the end of March.
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