Left Hand to Right Hand: Temasick's SATS buys Temasick's Singapore Foods

[SneeringTree]

Is this not the height of idiocy? What is the amount of transactional cost for such a deal?

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Dec 2, 2008
Sats in S'pore food takeover
SINGAPORE Airport Terminal Services (Sats) said on Tuesday it will buy state investor Temasek Holdings' 70 per cent stake in Singapore Food Industries (SFI) for $334.5 million.

Sats, a unit of Singapore Airlines, said in a statement it will pay Temasek $0.93 for each SFI share and make an offer to buy the remaining shares at the same price.

Both Singapore Airlines and Singapore Food, which both asked for suspension in the trading in their shares, are majority owned by Temasek. -- REUTERS
Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access

 

[Hope]

Is this not the height of idiocy? What is the amount of transactional cost for such a deal?

==============
Print Article
>> Back to the article
Dec 2, 2008
Sats in S'pore food takeover
SINGAPORE Airport Terminal Services (Sats) said on Tuesday it will buy state investor Temasek Holdings' 70 per cent stake in Singapore Food Industries (SFI) for $334.5 million.

Sats, a unit of Singapore Airlines, said in a statement it will pay Temasek $0.93 for each SFI share and make an offer to buy the remaining shares at the same price.

Both Singapore Airlines and Singapore Food, which both asked for suspension in the trading in their shares, are majority owned by Temasek. -- REUTERS
Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access

Well,what it does is to transfer CASH which is KING now fr SATS to Temasek which is terribly short of CASH.

So also suck in some cash fr minority holders.

It would be the start,Temasek would be selling all the foundation built by first batch iof PAP leaders and Spore people.

Pity,wrong man running the show.

 

[pia]

Well,what it does is to transfer CASH which is KING now fr SATS to Temasek which is terribly short of CASH.

So also suck in some cash fr minority holders.

It would be the start,Temasek would be selling all the foundation built by first batch iof PAP leaders and Spore people.

Pity,wrong man running the show.

Bail-out for Temasek.

 

[SneeringTree]

Temasick is really sick (in all senses of the word).

 

[TeeKee]

Temasick is really sick (in all senses of the word).

so by writing here you are going to change the world?

 

[SneeringTree]

What are you babbling about now?

 

[congo9]

It wont change the world ,but it will influence the events !

 

[TeeKee]

It wont change the world ,but it will influence the events !

how much can you influence? temasick is still sick!