The success of PBB’s offer to acquire LPI at RM 9.80 per share, compared to its market price of RM 13.30, will depend on how appealing shareholders find the offer in relation to LPI’s intrinsic value, future prospects, and market conditions. If PBB can justify the offer price by highlighting strategic benefits such as synergies, enhanced financial strength, and future growth potential, it may persuade shareholders to agree. However, if LPI’s shareholders believe that the market price better reflects the company’s value or expect higher future gains, they may resist accepting an offer significantly below the current trading value.

Ultimately, the outcome may hinge on negotiations, market sentiment, and any revised offers PBB might propose to make the acquisition more attractive to LPI shareholders.