bullish
Great Eastern (GE SP): OCBC's S$25.60 Unconditional Offer
814 Views10 May 2024 12:24
Super clean deal; so expect this to trade super tight. Get involved IF there is some juice in the trade. IF you are a LO investor, either sell in the market close to the Offer price; or simply tender.
What is covered in the Full Insight:
- OCBC's Unconditional Offer on GE shares
- Implications of the Offer
- Details of the Voluntary General Offer
- Great Eastern Business Overview
- Peer Comparison & Share Price Performance
Boomeranged on Mon, 13 May 2024 09:41
With Great Eastern trading through terms, potentially as someone seeks to block a delisting - 25% of the float is <3% stake - and negotiate a bump in terms; IF OCBC increases the Offer price, during the Offer period, do those shareholders who had already tendered, get the uplift? The answer is yes, as per Rule 20.1 and 30 of the Singapore Code on Take-overs and Mergers.
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