Premium ranges from 15% to 20%, that’s a very attractive offer! If you have friends working in Maxis (and has been receiving ESOS for some time), it’s about time to ask them out for dinners!
The Star on the Possible Premium Offered…
Sources said the premium offered for the remaining shares not owned by Usaha Tegas, which is controlled by T. Ananda Krishnan, could be pretty substantial. To make it attractive for minorities, it could range from 15% to 20%.
Ananda directly and indirectly and/or via Usaha Tegas owns 47.05% of Maxis. The company launched its initial public offering at RM4.36 a share in 2002. Trading in the shares was suspended at RM13 on Monday.
Even at RM13 a share, the proposed exercise would cost RM17.47bil.
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