Sino almost 45% on rumour. MMX 10% Harbinger 10% (round figures) MIS current directors 8% David Law 13% (but potentially will go to Sino after June 30). 14% Left Unknown - Please feel free to correct or add where appropriate.
Therefore Sino are the string pullers at MIS now.
Should MMX cancel the merger on this basis or renegotiate terms IE. 1:0.575 per share.?
If MMX took is merger offer back MIS would dip to $6.38 untill offer closes. After that would MIS still be worth $6.38? I doubt it because Sino has purchased with a T/o premium that included potential earnings & premium to buy out the maylasians & out bidding MMX.
MMX would get heaverly screwed if Sino agree to merger now based purely on MIS share price.
It would be like selling our soul.
A lot of people were keen for the merger but i wounder if anyones thoughts change if it is Sino who we are effectively merging with?
Sino will they merger or buy MMX - I think they would merge because they would get MMX reduced by .575 per share. Then they could buy.
MMX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
