27 Dec 07 Balmer Lawrie Open Offer price announced
Balmer Lawrie Open Offer price has been fixed today by Grief International Holding which proposes to acquire a little less than 20% stake in Balmer Lawrie VanLeer and delist the shares of Balmer Lawrie after the open offer. In an announcement made today, the Balmer Lawrie VanLeer Open Offer price has been fixed at Rs. 70 per share of face value Rs. 10 each. Share prices of Balmer Lawrie VanLeer remained stagnant at close to Rs. 67 today on the BSE. There is an arbitrage opportunity and investors can make Rs. 3 per share through the Grief International Holding open offer for Balmer Lawrie VanLeer. However there is a risk of the open offer failing in which case the prices of Balmer Lawrie VanLeer’s shares are bound to fall. Balmer Lawrie Open Offer record date has not yet been announced. The record date will be updated here as soon as it has been announced by the company.
Related Posts
Leave a Comment
