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Maxis to be Privatised?

Sunday, April 29, 2007

My Dearest Moo Moo Cow,

Yet another story based on sources.
Plan to take Maxis private?

  • Plan to take Maxis private?
    By Adeline Paul Raj
    bt@nstp.com.my

    April 30 2007

    MAXIS Communications Bhd’s controlling shareholder Tan Sri T. Ananda Krishnan is working on a multi-billion-ringgit plan to take the telco private,
    sources say.
    The plan, which involves a general offer, may be unveiled as early as this week.

    Maxis share price, which closed at an all-time high of RM13.20 twice last week, last traded at RM13.

A very simple cow sense questions for you my dearest Moo Moo Cow.

1. If there is so much value being private, why bother listing a company?

2. In a hot stock market, doesn't it make more sense to ride on the bullish stock market? As a private entity in a hot stock market environment, can the company create such value?

So if there is no valid reason for a company to go private, why such a story?

Who are these sources creating such stories? Why?

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