Rumours of CAT Taking Over THCOM at 10% Higher than Market Price is Going Viral!
Rumours has it that CAT Telecom is preparing to make a tender offer to THCOM’s major shareholder at the price of 10-15% higher than market price.
A source close to the telecommunication business has revealed to “Kaohoon” that CAT Telecom Public Company Limited (CAT) is currently in the process of purchasing Thaicom Public Company Limited (THCOM).
However, there is yet to reveal the agreed price in this trade, but it has been speculated that CAT would buy the shares from one of THCOM’s major shareholder approximately 10-15% higher than the trading price in the market.
Afterward, the “buyer” must make a tender offer according to the regulation of the Stock Exchange of Thailand for any trading over 25% of the common stock.
On January 23 January, 2019, THCOM closed at ฿7.40/share, gained ฿0.75 or 11.28% with ฿37.68 million in value. If the trade goes according to this unofficial revelation, the tender offer for THCOM would be around ฿8.14/share-฿8.51/share.
If there is any further information regarding this matter, “Kaohoon” will be informing through website or in Kaohoon’s newspaper dated January 23, 2019.
