SEH 0.00% 25.0¢ sino gas & energy holdings limited

Why in the world is this trading below the takeover price? It...

  1. 281 Posts.
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    Why in the world is this trading below the takeover price? It would have to mean the market believes that a.) the takeover will not come to fruition AND b.) no other bidders will enter the picture. Am I reading this wrong? Strange.
 
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Currently unlisted public company.

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