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All good companies are delisting their share in sgx ......
Press Release
Singapore, 3 November 2016 - The directors of Super Group Ltd. ( " Super" or the " Company" ), a leading pan-Asian integrated instant food and beverage brand owner and manufacturer, today announced a pre-conditional cash offer for all the ( " JDE" ), the world' s leading pure-play CPG coffee company, subject to the satisfaction of certain pre-conditions. Shareholders of Super holding approximately ( " Offer" ) by a whollyowned subsidiary of Jacobs Douwe Egberts BV 60% of the total issued share of the Company have irrevocably undertaken to Tender all of their shares in acceptance of the Offer.
Upon the satisfaction of the pre-conditions (being approvals from antitrust authorities), JDE will launch a voluntary conditional general offer at a price of S $ 1.30 per share.
$1.30 is undervalued for super
It' s 1.30 per share.
Not too bad..
Lousy takeover price $1.30
Financing problem is almost ruled out. Looks more like privatising. Base on the price movement it should had been a agreed deal. Good luck to those who vested. The card was still well kept till this moment...
If any announcement out tmor morning..likely Co requests for halt extension.Such a short time...investors also need time to digest the news.
Taking such a long time..my guess is the deal is pretty complex.
Market Cap $1.081Bn..financing problem??
Hope the deal go through and not aborted due to disagreement.
moron101 ( Date: 02-Nov-2016 18:17) Posted:
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Should have news before tomorrow trading bell ringing.. Hope a good one..
moron101 ( Date: 02-Nov-2016 16:21) Posted:
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Looks like same type of news as GLP.. will shoot up 10% to trip the circuit breakers when reopen..
looks like possible some knew what is the news... open price seems to be pushed higher
Bro, you forgot to take medicine? quick ratio > 1 u want rights issue for what? Takeover greece ah
Given the strength of buying before the halt, most probably some ppl got inside info go and buy early
Stocky901 ( Date: 01-Nov-2016 11:08) Posted:
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Agree that it should be positive. Still waiting for news...
jeremyow ( Date: 01-Nov-2016 11:07) Posted:
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Hold Lift the halt soon...
Popiah + Coffee
I think it is unlikely to be rights issue as Super Group already has a good amount of warchest in cash and cash equivalents if it needs to carry out any expansion and growth projects, unless it is a very enormous project requiring high amount of funding.
Stocky901 ( Date: 01-Nov-2016 11:08) Posted:
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Don't rule out possibility of Rights issuing..
firex123 ( Date: 01-Nov-2016 10:57) Posted:
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So, no matter which possible options, seems like it is positive news for Super Group. There were unusually strong volumes of transactions and share price surge for the past one month. It could be a signal of something positive for the group.
firex123 ( Date: 01-Nov-2016 10:57) Posted:
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May I add another possibility:
4) Major investment by a big player
Octavia ( Date: 01-Nov-2016 09:47) Posted:
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No. 1 - Simpliest amoung the three.
No. 2 - How significant will that make? Can cause a price surge?
No. 4 - Highest bidder takes all....
Octavia ( Date: 01-Nov-2016 09:47) Posted:
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Can rule No 3 out.... today till 14 was still a long long way...