OCBC is in talks to acquire United Engineers and this has sent United Engineers stock price up by around 25% to close at $2.85, this is a price level many feel is around the acquisition price to be paid by OCBC, provided that the acquisition goes through. While the spotlight is on United Engineers stock, some analysts have pointed out that UE E&C, the engineering and construction subsidiary of United Engineers could be divested by United Engineers so as to significantly lower its $2.7 million debt burden, which stems largely from its takeover of WBL Corporation last year. They also believed that selling off UE E&C, a non-core business of United Engineers could allow United Engineers to become a pure property firm and would minimise any “conglomerate discount” on its valuation if UE is sold to the Thai tycoon. On the other hand, Dyna Mac, an offshore marine ......