Biosensors

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8 years 6 months ago #22616 by SWN
Biosensors was created by SWN
What does today's "Holding announcement" mean? Any M&A deal coming?

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8 years 6 months ago #22619 by yeng
Replied by yeng on topic Biosensors
Perhaps can get 90+ cents for our Biosensors shares. keep fingers crossed.

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8 years 6 months ago #22621 by SWN
Replied by SWN on topic Biosensors
Any announcement should come during this weekend, I think.

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8 years 6 months ago #22635 by SWN
Replied by SWN on topic Biosensors
Still no news?

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8 years 6 months ago #22640 by yeng
Replied by yeng on topic Biosensors
Biosensors Int’l Group: CITIC PE makes an offer at S$0.84/share

With regards to CITIC Private Equity Funds Management Co., Ltd’s offer for a proposed amalgamation between Biosensors International Group (BIG) and CB Medical Holdings Limited (CBMHL), it was reported that CBMHL had revised their original offer of S$0.815/share to 1) S$0.84/share or 2) a share consideration relating to CB Cardio Holdings II Limited (CBCH II).

On the basis of this revised offer price, the directors of the parties involved have determined that the amalgamation is in the best interests of their respective companies and have approved it.

Prior to the announcement, we had a HOLD rating and fair value estimate of S$0.66. Given the significant premium of 27% to our fair value estimate, we believe the offer price is attractive and recommend investors to ACCEPT THE OFFER. (Jodie Foo -- OCBC INVESTMENT RESEARCH)

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8 years 5 months ago #22650 by SWN
Replied by SWN on topic Biosensors
With an offer of $0.84 per share, why are there still so many sellers at $0.805 and $0.81? For someone who buys at $0.805, he could get a profit of $300 (after one way brokerage) if he buys 10000 shares, a return of 3.72% within a period of 3 months or less (assuming the take over offer completes within this period)!

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