This Offer is a "good" as it gets for minorities. If small illiquid arbs are your bag, get in here - trading at a 4.9%/52% gross/annualised spread. I see minorities rolling over and accepting terms.
What is covered in the Full Insight:
Introduction and Offer Details
Analysis of the Offer and Scheme Document
Market Context and Valuation
Voting Conditions and Stakeholder Positions
Challenges and Future Prospects
Boomeranged on Fri, 23 May 2025 08:17
Scheme vote is today. And shares are down >10% this week; or since the record date, as one reader points out. Just like Goldlion Holdings (533 HK), the Offer is clearly light; yet arguably, as good as it gets. No competing Offer will emerge. Goldlion shareholders thought otherwise (spectacularly). And perhaps Soundwill shareholders will also follow suit. More in “Discussions” at the bottom.
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