May 03 2007
The offer price is out – its’ RM 15.60 per share for all the minority shareholders to part-off with their baby Maxis Communications Berhad (KLSE: MAXIS, stock-code 5051) to Ananda Krishnan. The offer price represents a 20 percent premium to the last-traded Maxis share price of 13 ringgit and values the entire firm at around $11.5 billion.
Reuters reported that the Star newspaper said in a text-message news alert that the vehicle, Binariang GSM Sdn Bhd, had conveyed news of the cash bid to the stock exchange through its banker, CIMB. CIMB Chief Executive Nazir Razak declined to confirm the report to Reuters.
So, the price has been confirmed and you, as the minority shareholder (not that you’ve not been a sucker investing stocks in Malaysian Stock Market before) you’ve to decide whether to accept the offer or not. But sensing from the general emotions and perception from the minority shareholders, most of them would be holding to it and will reject such a terrible and low offer-price.
The final condition(s) has not been delivered to the minority shareholders’ doorstep yet. So, let’s have fun and spread the news of this latest offer by the tycoon. And if you’re one of the suckers (sorry for the word but you’re one, the same way I am), share your thoughts (in the comment section) about being squeezed.
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May 3rd, 2007 by financetwitter
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