Is MISC an example for Perak Corp?
KINIBIZ MISC’s latest earnings and share price levels justify shareholders’ stand against Petronas’ privatisation bid one year ago, giving an encouraging taste of victory for the little guys. As Bernas shareholders fight a privatisation bid, will Perak Corp shareholders also fight for better terms in the company’s proposed takeover?
Last Friday MISC closed at RM6.39 per share, 11 sen lower than Thursday’s RM6.50. That is more than RM1.00 higher than the RM5.30 per share offered by Petroliam Nasional (Petronas) - subsequently revised to RM5.50 - in its failed bid to privatise MISC last year.
As KiniBiz previously noted, foiling that privatisation attempt represents a victory for the little animals in the jungle. When a predator makes its move, too often the prey resigns itself to its fate rather than fight back, and Tiger respects the kijangs that attempt this come Tiger’s mealtime.
For the complete article go to KiniBiz .
This article was written by Khairie Hisyam.
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