Adampak receives voluntary conditional cash offer of S$0.42 provided they receive at least 90% of the issued shares………another Stock Pick bites the dust
Tuesday, 3 April, 2012 7:27 AM
Posted by Kevin Scully
I added AdamPak to my Yield Stock Picks on 30 June 2010 when the share price was S$0.28. I was attracted by its steady non cyclical business and attractive dividend yield. This delisting/privatisation offer for Adampak is the third of my Stock Picks that is being delisted/privatised after Sinomem and Allgreen. The voluntary conditional delisting/privatisation offer is at S$0.42 subject to the offeror receiving 90% of the issued shares. We should wait for the recommendation of the Independent financial adviser and the Board of Adampak before taking any decision on the stock.
Looks like my investment approach of picking undervalued stocks provides a medium term exit should and if …