MCT & Mnact

 

Wah, the verdict is out!

MCT is buying over Mnact at an offer price of :

satisfied by either: 

Plan A.

0.5963 new MCT Units (the “Consideration Units”) at an issue price of S$2.0039 per 

MNACT Unit (the “Scrip-Only Consideration”); or

Plan B.

a combination of 0.5009 Consideration Units and S$0.1912 in cash (the “Cash-and-Scrip 

Consideration”)

This implies a gross exchange ratio of 0.5963x. By way of illustration, if the Trust Scheme becomes 

effective in accordance with the terms, an MNACT Unitholder holding 10,000 MNACT units will 

receive 5,963 MCT Units should they elect to receive the Scrip-Only Consideration or 5,009 MCT 

Units and S$1,912 in cash should they elect to receive the Cash-and-Scrip Consideration.

The aggregate Scheme Consideration (the “Total Scheme Consideration”) is S$4,215.6 million, 

comprising a combination of no more than S$417.3 million in cash (the “Cash Consideration”) 

(being 9.9% of the Total Scheme Consideration) .

Most probably I will go for Plan B.

If got Plan C all cash offer, I would certainly go for it.

Pls dyodd.

 Both counters trading halted pending announcement, looks rather interesting!

I think market are waiting anxiously for the company announcement! It might be a M&A or ...

I think this might be something quite similar to previous cmt & cct merging into one entity! 

I think if M&A offering price may be around 1.50-1.60 range.. 

Not a call to buy or sell.

Pls dyodd.

Chart wise, bullish mode!

Likely to continue to trend higher!

Short term wise, I think a nice breakout of 1.04 smoothly plus good volume would likely drive the price higher towards 1.08 then 1.14.

Not a call to buy or sell.

Pls dyodd.