VituVingiSana wrote:Aguytrying wrote:According to the laws of Kenya. a takeover price must be at least 30% higher than the price before suspension. 12.50*1.3= 16.25.
like many people have expressed here, the lifting of suspension co-inciding with profit warning could be a way of softening up investors to a lower strike price.
only a few more hours.
1) Ebu, tell me WHERE this 'law' is... Pap. Please include all the info possible so we can look this up to make our own interpretation.
2) If KK wanted the takeover price to be lower (using the 30% 'law') then why re-start trading? Previously, it was 12.50 but now 14.25 as the VWAP.
1. I could bet i found it in my research last month last month when cautionary was issued. Ive gone through the mergers and takeovers and its NOT there. Its vivid in my mind, though.
I expressed my uncertainty when i said "if someone else could corroborate this"
thanks for putting me to task.
The clossest ive got is in india where the law says the takeover price must be higher than the high and low average of the traded price of the previous week when the takeover was announced.
2. well the "law" if for when the takeover was first announced.
The investor's chief problem - and even his worst enemy - is likely to be himself