Mokooi, I have a hunch the offer can be upped some more. The announcement did say that Depa may revise the price upwards if there are competing offers. I find this part unusual because I have not seen it or heard of it before. Unless you or anyone confirm that this sort of wording is standard in buyout offers. Otherwise, got chance it would go up maybe to 70 or 73 cents.
hi all, i am very new to the stock mkt, juz holding a few penny stock, design studio is one of them. WHen Depa put up the offer, i din sign it up, tot this will not go thru, but now it's a done deal. And i think Depa do not plan to delist Des Studio rite? May i know do i hv the option to hold it or i need to sell to Depa? I hv read the letter, but hee ..don exactly understd.
The controlling shareholder fr Dubai owns 89.8% of DS. I think the dividend payout will continue to be high but the problem is, it'll be according to their 'needs' or 'wants', and minority shareholders are the last thing on their minds.