THERE have been two important developments since Hanwha Ocean SG’s offer for Dyna-Mac was spotlighted by this column three weeks ago.
On Oct 14, the offeror – a special-purpose vehicle controlled by Hanwha Ocean and Hanwha Aerospace – increased the offer price from S$0.60 per share to S$0.67 per share.
The offeror said that this new offer price exceeds all closing prices for Dyna-Mac for the last 10 years, and that there would be no further revisions.
