OCBC-linked Tecity offers to buy S'pore's Straits Trading

SINGAPORE, Jan 6 - Tecity Group, a Singapore-based investment firm, said on Sunday it has offered to buy commodities and property firm Straits Trading Co for S$5.70 a share, valuing the firm at S$1.86 billion ($1.3 billion) - SINGAPORE, Jan 6 - Tecity Group, a Singapore-based investment firm, said on Sunday it has offered to buy commodities and property firm Straits Trading Co for S$5.70 a share, valuing the firm at S$1.86 billion ($1.3 billion). - Reuters
http://sg.news.yahoo.com/rtrs/20080106/tbs-straits-trading-takeover-7318940.html

My comments:

Frankly speaking, I am not surprised that Straits Trading had been a target of a takeover offer. Its business spans from properties to commodities to investment etc. Its sum-of-parts is worth much m0re than its current share price. Being one of my top 30 holdings currently, I will not surrender it so easily. Anyway, I don't think they can take the company private by paying only 15% premium from the last traded price. My views are in:
http://forums.sgfunds.com/viewtopic.php?t=6246&start=150