The SMDC-SMPH Arbi Play Part 4

June 27, 2013 at 1:41 pm 2 comments

@ 7.44 / 7.45 SMDC and SMPH a nice 16.30 wowowee

7.44 / 0.472 = 15.76 smph price

gross gain = 16.30 / 15.76 = 3.4% gross or lampas 2% net
*gigols*

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Entry filed under: Phisix's Closet (PSEi).

We’re still here – The Spoilers Pa chika chika

2 Comments Add your own

  • 1. vicoy  |  June 27, 2013 at 1:47 pm

    kailan ba ang tender offer, senyor? baka pwedeng bumili ng SMDC pag malapit na tapos swap sa SMPH.

    Reply
    • 2. spyfrat  |  June 27, 2013 at 2:15 pm

      From COL

      To all existing shareholders of SM Development Corporation (SMDC):

      Please be informed that there is a tender offer to acquire the remaining 3,228,056,161 common shares issued and outstanding shares of SMDC by SM Land, Inc.

      THE OFFER:

      COL Offer Period : June 4, 2013 – July 3, 2013 3:30 P.M.
      .
      Target Cross Date :

      July 16, 2013 (Subject to approval of PSE)
      .
      Target Settlement Date :

      July 19, 2013

      (Subject to any extension of the Tender Offer Period with the approval of the SEC)
      .
      Tender Offer :

      1 SMDC = 0.472 share of SMPH (SM Prime Holdings, Inc.) common*

      .

      *Fractional shares shall be paid in cash which will be computed by multiplying the fractional share by Php18.660 per share.

      The tendered shares will be taken out and the SMPH common shares shall be credited to your stock position and the cash equivalent of any fractional shares (if any) will be credited to the cash balance of the portfolio account upon receipt of the shares and funds from the transfer office.

      Reply

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