BIOSENSORS INT'L GROUP LTD
B20.SI
Biosensors Int’l Group: CITIC PE makes an offer at S$0.84/share
- With regards to CITIC Private Equity Funds Management Co., Ltd's offer for a proposed amalgamation between Biosensors International Group (BIG) and CB Medical Holdings Limited (CBMHL), it was reported that CBMHL had revised their original offer of S$0.815/share to
- S$0.84/share or
- a share consideration relating to CB Cardio Holdings II Limited (CBCH II).
- On the basis of this revised offer price, the directors of the parties involved have determined that the amalgamation is in the best interests of their respective companies and have approved it.
- Prior to the announcement, we had a HOLD rating and fair value estimate of S$0.66.
- Given the significant premium of 27% to our fair value estimate, we believe the offer price is attractive and recommend investors to ACCEPT THE OFFER.
Jodie Foo
OCBC Securities
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http://www.ocbcresearch.com/
2015-11-04
OCBC Securities
SGX Stock
Analyst Report
0.66
Same
0.66
