Posted by patience > 2011-09-24 07:39 | Report Abuse

investor viewed the merger offer excessive... and valued the merged entity's share @ 1.40 instead of 2.00 per share !

Posted by laiseng012 > 2011-09-24 08:05 | Report Abuse

we are not only worrying of merger fail, but need to consider if the new share of IKSB fall heavily after merger~~

Posted by WONGTONGGUAN > 2011-09-24 10:22 | Report Abuse

this so fixed price were set before peak, after cash payout, will the share still worth that price? look at sunway.

Posted by Tan Chin Kok > 2011-09-25 00:55 | Report Abuse

Yeah, if you believe the deal can get thru, then you dont have to worry on IKSB as you may have different trading strategy on it~ Example: Sell it before de-listing?

Or else, If you can gain 30% now (if you really think merger can get thru), do you able to afford to loss 30% when IKSB first listed (drop immediately from RM2.00 to RM1.40 at 9am first day listing)? Why not? Remember, some % of $$$ will be cash back, and some % of $$$ are converted to newco share, so at the end, you still earn few %.

Pre-requisite of all of this is: THE MERGER DEAL MUST GET THRU SUCCESSFULLY~

Good Luck, to me...