Wednesday, December 28, 2011

SMB United

SMB United: Still halted. Osaki Electric to make voluntary conditional offer at $0.40 per share. This is a 9.6% premium over last done and 25% higher than an earlier offer at $0.32 by Boer Power. Osaki has expressed the intention to privatise the co and delist it. Osaki has currently 37.1% of SMB United compared to Boer with 20.6%. As of last results, co had NTA of approx $0.29 per share

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