Great Eastern offer: It’s time for everyone to move on
Both the bank and the insurer are facing pressing business and operational challenges, so it’s time for them to address business at hand
Add BT as a preferred source
IT WAS undeniably an attractive offer of S$30.15 that OCBC was making for each share in Great Eastern. Even the independent financial adviser called it “fair and reasonable” – compared to the “not fair but reasonable” billing for the S$25.60 offer in May last year.
But a delisting vote needed to pass before the offer would be paid out.
Close to 30 million Great Eastern shares were not held by OCBC. Three quarters of those shares needed to be cast in favour of delisting.
TRENDING NOW
Singapore developer in limbo after Timor-Leste’s shock scrapping of major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
US-China summit: Trump sees ‘better’ ties, Xi warns over Taiwan, as talks conclude
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
