bullish
TDCX (TDCX US)'s $7.20/Share Short-Form Merger
762 Views04 Mar 2024 12:26
Trading tight at a 1.7%/7.1% gross/annualised spread. IF YOU ARE AN ARBITRAGEUR, and into illiquid deals, I might get involved. This could complete earlier than the three months currently envisaged.
Boomeranged on Sat, 20 Apr 2024 10:05
The effective date for the merger of TDCX is expected to occur (no sooner than) 20 days from the latest SEC filing (see discussions). As the Offeror, Laurent Junique, holds 98.4% of the voting power. this is a short form merger - there is no vote. No regulatory filing is required. Dissention rights are afforded. The Offer Price is US$7.20/ADS, less the applicable US$0.05/ADS cancellation fee.
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