Ever since the news broke out in Nov 2016 that Super Group (S10) might be acquired by Dutch tea and coffee company Jacobs Douwe Egberts (JDE), the share price has hiked 34% to $1.30, as at yesterday (17/03/2017), which is also the offer price. For more details of the earlier news, check out the Straits Times article here.
Five months later, finally received the official cash offer documentation in a super thick package. Of course, for a minion-size shareholder like me, the natural logical reaction is to accept the offer, even though it will be at a lose as I got it at the peak ($1.465).
The funny thing is I noticed that there is no FFA (Form Of Acceptance and Authorisation) and self-address envelope being attached to the package, which is usually the case as per one of my more seasoned friend (this is the first time I received such offer document). So, never take thing for granted, it is not a perfect world after all! lol
So, the recourse is to download the FFA from the SGX site, which I did, luckily the offer document did provide an easy to understand steps to download the form ourselves. The next step is to mail it out before the offer closing date. Oh, by the way, if you have not already know, the closing date has been extended to 25th Apr 2017, Tue (from the original 11th Apr 2017, Tue)
Also, as highlighted by one of my other friend, the share price did went up to 1.305 brieflyly this week, I am rather puzzled, why would some one buy it at an higher price now? Anyone has any clue? :-)
Are you vested in Super Group, will you be accepting the Offer?