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AI:
"Offer price: The offer price is the price the acquiring entity pays per share.
Shareholders can either accept the offer and receive the cash, or they can hold their shares and potentially sell them on the open market (if there is still a market).
Once an offeror acquires 90% of the company, trading in the shares will be suspended five market days after the offer closes, and shareholders will be forced to accept the cash offer"
It would turn into a conditional offer if Genting Bhd started buying until 50% + 1 share. To buy until 75 or 90% to delist it isn't easy. If it's successful to privatize it Genting needs borrowing of 6 billion+.
Most analysts do not believe the privatization will be successful. If you sell early, you will not have a chance to hold your shares after the cancelled privatization.
@Nnn, that depends on whether you believe the privatization would be successful or not -- most analysts said no. If not successful, GENM will be more valuable with the sure-get casino license in NY with 800 gaming tables within 6 months, while other competitors need several years from scratch.
If you take no actions and the privatization is successful, Uncle Lim still has to send you RM2.35/share to your account. Sell now, and you will lose the opportunity to witness a failed privatization. Also, GENT has already appreciated.
When u still holding GenM since yesterday... do u know that institution ady cash out all & pump all in Genting mother share... Fyi ady up more than 50¢... by this week all will make 50% at lease... if u still don't know how to jump ship cover ur loses... go home and study more... stupid hold 2.35.... they will force u down below 2.00... by that time Genting ady fly high 4.25++
U wake up already or not.... GenM 2.35.... now U jump ship to Genting UP +60 cent.... (2.35 +60 is 2.95) ah... what U waiting for.... Now MGM pull out... Genting will get the NY city casino 37% chances
For those investors with more than RM2.35 GENM, the best hope is the failed privatization, especially with the sure-get casino license and quitting of the strongest competitor (MGM) that has the established business or facilities.
