As you all know, yesterday STX OSV requested for a trading halt after which they announced that the Fincantieri has completed the acquisition of 50.75% stake of STX OSV. As part of the takeover rules, it is required to extend its offer of $1.22 to exisiting shareholders as well.
I encourage all of you to reject the offer as it is simply to low in my opinion. All the research reports have predicted the offer will be rejected, so do remember to do your part as well. The price according to the announcement is

(i) a discount of approximately 12.9 per cent. to the last traded price of S$1.400 per Share as quoted on the SGX-ST on 20 December 2012, being the last trading day of the Shares on the SGX-ST preceding the Pre-Conditional Announcement Date; and

(ii) a  discount  of  approximately 17.5 per  cent.  to  the  ...