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Will SMRT be privatised?
By Derek  •  September 27, 2016
SMRT shareholders will be voting on Temasek Holdings' proposed buyout of the public transport company this Thursday - 29 September. poll-results-do-you-think-temasek-offer-is-fair Based on the poll I started in July, a whopping 65% feels that the offer price of $1.68 is unfair. For the privatisation to be approved, more than 50 per cent of the total number of shareholders - who hold at least 75 per cent of the shares held - must vote in favour. This excludes shares held by Temasek, which is not eligible to vote. The poll is by no means an accurate assessment as it is not restricted to SMRT shareholders only. It will be interesting to see how things pan out on Thursday.
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By Derek
Derek is an investor who follows Peter Lynch style of investing. He prefers to use simple and straight forward information for stock analysis. He started TheFinance.sg with the intention to bring together all bloggers and professionals who are interested or already in the area of Finance and Investing, and to create a community where everyone is free to write and to share their articles, experience and opinions.
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