Wavecom, OPA 7, cours 6,06 --> doit on acheter ? (Securibourse)
En lisant le JDF, je lis ceci : "l'action Wavecom a cloturé jeudi à 6,20, soit près de 12% au dessous du prix offert par Gemalto. C'est une occasion pour acheter et l'apporter ensuite à l'offre."
Est ce d'après vous interessant d'acheter du Wavecom pour apporter à l'offre le 23 octobre avec une prime de maintenant de 13% > Le cours actuel est il une anomalie de marché à mettre à profit >
(je n'en possède pas en portif).
Francois16
Faut voir les conditions de l'OPA
Si c'était aussi facile de gagner sans risque, il n'y aurait pratiquement pas de différence de cours puisque les arbitragistes se précipiteraient.
L'offre ne tient que si ils obtiennent plus de 50% (voir ci-dessous). Ce qui veut dire que si ça rate, tu restes avec tes titres achetés à 6 avec un retour vraisemblable à 3 très rapidement...
Condition To The Offer - Success Threshold
Pursuant to the provisions of article 231-9 of the AMF General Regulations, the Offer is subject to the condition that, as of the closing of the last of the two Offers, Shares representing at least *******50.01%********* of the share capital of the Company, existing as of the date of closing of the last of the two Offers, be tendered in the Offers (the Success Threshold).
To calculate the Success Threshold, the following will be taken into consideration:
- For the numerator, the sum of (i) the treasury shares as of the date of closing of the last of the two Offers, and (ii) all Shares validly tendered in the Offer and U.S. Offer (including the ADSs) as of the day of closing of the Offers; and
- For the denominator, all existing shares of the Company as of the date of closing of the last of the two Offers (including the shares represented by ADSs).
Whether the Success Threshold has been reached will not be known by the Offeror or the holders of Securities before the publication of the definitive outcome of the Offer and of the U.S. Offer.
If the Success Threshold is not reached, the Offer will terminate and the Securities tendered in the Offer will be returned to their holders, without any interest or compensation of any kind being due to them.
However, the Offeror reserves its right to waive the Success Threshold, or, upon AMFs prior approval, to reduce the Success Threshold, by filing an improved Offer at least five trading days before the Offers close, in accordance with the provisions of article 232-7 of the AMF General Regulations.
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jean-marie