China Merchants Holdings (Pacific): (S$0.85) Exit offer of S$1.02/share a tempatation too hard to resist
- $1.02/share cash offer by China Merchants (75.88% stake)
- Conditional upon hitting the required 90% stake.
- For the avoidance of doubt, shareholders in company's registry as at 5 May will be entitled to 3.5 cents cash dividend. Dividend to be paid out on 19 May
- Offer price is 20% above last close of $0.85
- Market Insights believes that offer price is fair and exits our Yield portfolio position in the counter.
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