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there could be a chance that midf may have been over valued, hence mbsb issue the shares at an over valued price. if you were in PNB's shoe's, would you have taken the deal if your company is valued accordingly? food for thought..
Nor Hisham the deal is very cheap usually it is higher then 0.85 times. What should be the fair price after the merger and listing of MBSB islamic Bank. The shares in the mkt are limited.
