The steady progress suggests that the precondition will be satisfied well before the long stop date. Despite peer re-rating, vote risk remains low. At the last close, the spread was 7.5%.
What is covered in the Full Insight:
Introduction to the Proposal
Progress on Preconditions
Shareholder Support and Voting Risk
Peer Valuation and Offer Premium
Conclusion
Boomeranged on Thu, 16 Jan 2025 19:51
Grandblue continues to progress toward satisfying the precondition, having secured NDRC approval. The remaining regulatory approvals required are MOFCOM and SAFE. At the last close, the gross spread was 7.0%.
SUMMARY
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