This morning I noticed some volume in Memstar shares (see chart below) and wondered whether investors were assuming that Memstar could be another target for private equity investors. Its possible because its in the same industry as United Envirotech but what would the price be if such an event did ......Is Memstar another target for private equity investors ?
Tuesday, 2 August, 2011 10:5 AM
Posted by Kevin Scully
Yesterday United Envirotech announced that it has entered into an agreement with KKR to issue the latter US$113mn in Convertible Bonds with an annual coupon of 2.5% for five years. KKR can convert this CB into United Envirotech shares at S$0.45 per share. If the CB is fully converted, KKR will become the single largest shareholder of United Envirotech at 38.4%. The shares of United Envirotech rose yesterday to S$0.38 on the announcement.
This morning I noticed some volume in Memstar shares (see chart below) and wondered whether investors were assuming that Memstar could be another target for private equity investors. Its possible because its in the same industry as United Envirotech but what would the price be if such an event did ......
This morning I noticed some volume in Memstar shares (see chart below) and wondered whether investors were assuming that Memstar could be another target for private equity investors. Its possible because its in the same industry as United Envirotech but what would the price be if such an event did ......
