In today’s briefing:
- Public Financial (626 HK): HK$2.50/Share Will Get This Offer Over The Line
Public Financial (626 HK): HK$2.50/Share Will Get This Offer Over The Line
- In Public Financial (626 HK) Halted: Public Bank (PBK MK) Takeover Expected, I speculated Public Bank (PBK MK) may make a HK$2.50/share Scheme Offer for 73.23%-held Public Financial (626 HK).
- And that is what unfolded. It’s a 61.29% premium to last close. The Offer price is final. Dividends will be netted.
- I don’t see why this transaction cannot be fast-tracked in say, four months, well ahead of the 31st March 2027 long-stop.
💡 Before it’s here, it’s on Smartkarma
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