Blackstone reportedly in the process of buying out CRT in a deal worth >$1.4b
So let's put it at say $1.5b for 769.73mil outstanding shares

1 share= $ 1.9487.

If use public float at 656.30mil shares
1 share = $2.2855 ????

Blackstone reportedly in the process of buying out CRT in a deal worth >$1.4b = my maybank KE remiser
So let's put it at say $1.5b for 769.73mil outstanding shares = reuters

1 share= $ 1.9487 = my own calculation (don't know if right or wrong)

If use public float at 656.30mil shares = wall street journal
1 share = $2.2855 ???? = my own calculation (don't know if right or wrong)

CIMB analyst Lock Mun Yee noted that the shareholding structure of the trust is very diversified, with the top 10 shareholders holding less than a third of the trust. This will make it difficult for any offeror, especially one without any prior stake, to buy out the whole trust, unless of course the price is very attractive.

Ram

As I understand, even if the deal was $1.4 bil, the capitalization is around only $800mil.

If it is a buyout and privatization(we do not know that yet), there is an issue of settling the debts outstanding as well.

What is Croesus' debt presently?

I believed they would have worked out the above maths already,... what we unitholders need to be concerned with is : will we agree with 1.17 ? How many will agree ??

1.17 minus 1.055 = 11 cents premium over last trading price. 11 cents is about 1.5 yrs of "advanced" dividen...

hmmm..tough call.. if premium is >2 yrs of "advanced" dividen, then the decision is alot easier

OK, the verdict is out ... 1.17+4.06 cents = 1.21
Many investors will accept the offer I think, including me ...

the 4.06 is the dividend (estimated) that the investors suppose to receive, from now till the deal is closed.

bro, u can take the windfall and re-invest in somewhere else lor ... if ur cost is around 80 cents, this is almost 50% gain excluding the dividend received ... Croesus represents around 40% of my portfolio , need to find another one or two REITs to re-invest

Investors,.... even if this deal does not go through, we have nothing to lose,... the longer this deal remains 'stuck', the more divvies we will enjoy,...

If we do not agree,... one of two scenarios will take place :-

1) Offeror must come back with a favourable offer, if they 'mati-mati' wanted this trust.

2) Offeror walks away, and we will continue to enjoy the dvd till another offeror comes in future.

Tell me, bros,... what is your reason for cashing out ? Do you have a better counter to buy ??

When is Croesus EGM? Ini mati-mati must try and attend and vote no.

i am holding the units via Trustee acc, CIMB MY... so I cannot vote right?

they want to get te 4.06 cents dividend before deal is closed in Q4

Wait for EGM, if can vote via letter, just vote no. (not sure whether SCB will give you EGM notice or not) If cannot vote via letter, see whether you can make it down. They need 50% to pass.

i will sell some if really reach 1.21
offer 1.17 anything above that can sell right?

but 1.17 not a confirm thing yet.... whats the chances it will be successful?

if i am blackstone, i will sapu as much as possible now from the market...

now is 1.185 liao...