Shares & Derivatives
Biosensors International Stock exit offer
By Singapore Stocks Investing (SSI)  •  November 5, 2015
Biosensors International stock rallied 19.9% yesterday (4 Nov 2015) as Biosensors International struck an agreement for CITIC to buy the remaining of Biosensors International at 84 cents per share. This is an exit offer of 84 cents which is far below what many retail investors have expected. As wrote by some netizens, the exit offer is around the net asset value of Biosensors International stock and the exit offer should rightfully be much higher since Biosensors International has definitely much higher potential in its products. Biosensors International stock has done much better before and the exit offer of $0.84 will not do justice to the pockets of investors who have bought the stock at much higher prices, as high as $1.60. I do not think investors have much recourse unless they band together else they will just have to sell their stocks and accept this exit offer; ......
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By Singapore Stocks Investing (SSI)
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