How Badly Does The Minority Wants Takeovers?
Thursday, April 8, 2010
On Star Business the other day: Nazir says SC proposal would severely hit M&As
- “I have heard comments that the higher the takeover threshold the better, especially for minorities. It is not true that the more power to minorities the better it is.
“Minorities also need deals, mergers and takeovers,” he said. (Nazir)
Is not that the minority does not favour takeovers but the privatisation or the takeover of a listed subsidiary by its holding company has been rather tasteless.
Past issues:
The Bumi Armada issue.
- The Pirates which seized the Armada ( See also Pirates attempt to seize whole Armada: pitfalls of investing in Malaysia )
The Metrojaya issue.
The current Astro issue.
The listing and delisting of Maxis. Yeah Maxis re-listed but without the jewel, Aircel.
The privatisation of Hume Industries.
- Who Is Public Investment Bank Trying To Kid By Saying Offer For Hume Industries Is Fair?
- Taking Of Hume Industries 1,2,3!
- Comments On Hume Industries Privatisation
Why do you think certain minorities is so against such takeovers?
How badly do minorities need takeovers when such 'rewarding' takeover practices occurs so often?
If this continue to happen, why be a minority when they do get a fair compensation for the risk taken to be a minority shareholder?
And if everything continues to be so lopsided against the minority, why invest?
Can the market exist without the minorities?
Also on today's papers: Support for 75% threshold proposal for takeovers
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