Sinomem takeover becomes unconditional as offeror receives more than 92% acceptances.....i
Tuesday, 26 April, 2011 11:57 AM
Posted by Kevin Scully
Sinomem announced over the weekend that its offer was declared unconditional on April 21, 2011 when it secured acceptances for its takeover at S$0.70 of 92.89% as at 5pm on April 21, 2011.
Investors should note the Final Closing date of 18 May 2011. The following wording explains - "Accordingly, the Offer will remain open for acceptance until 5.30 p.m. on 18 May 2011 (the "Final Closing Date"). Notice is hereby given that the Offer will not be open for acceptance beyond 5.30 p.m. on the Final Closing Date. Acceptances received after 5.30 p.m. on the Final Closing Date will be rejected."
The share price is currently trading between S$0,695 to S$0.70. My own personal ......
