Finally, we have news. "... sponsor of Accordia Golf Trust (AGT) has proposed to acquire the trust's 88 golf courses in Japan for S$804.1 million, or an implied purchase consideration of S$0.732 per unit, it said on Monday." What do I think? Too low! Why do I say so? If you are new to my blog or if you cannot remember, read the following blogs: 1. Offer must be way above valuation. 2. Accordia Golf Trust: Reasonable or realistic price? Basically, I think that an offer price of $0.732 a unit undervalues Accordia Golf Trust by a lot. Long time readers know that I invest in Accordia Golf Trust mainly for income. Having said this, my belief that Mr. Market does not fully appreciate Accordia Golf Trust's value only became stronger in the last couple of years. There is definitely evidence of undervaluation. I have shared some thoughts towards this in some of my past blogs....