Oishi Group (OISHI TB): Shareholders Approve the THB59.00 Delisting Offer

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Oishi Group (OISHI TB): IFA Recommends the THB59.00 Delisting Offer

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/oishi-group-pcl" target="_blank" data-smartkarma-citation="entities:17370:1" rel="noopener">Oishi Group PCL (OISHI TB)</a> has disclosed a delisting tender offer from <a href="https://www.smartkarma.com/entities/thai-beverage-pcl" target="_blank" data-smartkarma-citation="entities:3656:1" rel="noopener">Thai Beverage (THBEV SP)</a> at THB59.00 per share, a 26.9% premium to the undisturbed price (10 March).</li>
<li>The offer is conditional on Oishi shareholder approval which requires 75% approval by total outstanding shares and &lt;10% rejection by total outstanding shares. ThaiBev can vote at the EGM.</li>
<li>The offer price is reasonable and timing is the key risk. The delisting EGM will be held on 3 May. The offer must be open for 45 business days.</li>
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Oishi Group PCL (OISHI TB) has disclosed a delisting tender offer from Thai Beverage (THBEV SP) at THB59.00 per share, a 26.9% premium to the undisturbed price (10 March).
The offer is conditional on Oishi shareholder approval which requires 75% approval by total outstanding shares and &lt;10% rejection by total outstanding shares. ThaiBev can vote at the EGM.
The offer price is reasonable and timing is the key risk. The delisting EGM will be held on 3 May. The offer must be open for 45 business days.


Oishi Group (OISHI TB): ThaiBev’s Delisting Tender Offer at THB59.00