12 Oct 07 Foseco India Open Offer Price Fixed

The Foseco India Open Offer Price has been fixed. The open offer price has been fixed at Rs. 420 per share. The open offer opens on December 05, 2007 and closes on December 24, 2007. Cookson Group Plc will acquire 20% of the paid up capital of Foseco India through the open offer. DSP Merrill Lynch is the manager to the Foseco India Open Offer. Foseco India is listed in both NSE and BSE. The NSE symbol for Foseco India is FOSECOIND. The shares of Foseco India are presently trading at Rs. 440 which is at a Rs. 20 premium to the Open Offer Price fixed by the Cookson Group.

13 Sep 07 Malar Hospitals Open Offer

Pursuant to the acquisition of Malar Hospitals by Fortis healthcare Limited, Ambit Corporate Finance, on behalf of Oscar Investments, a subsidiary of Fortis healthcare Limited, has announced that Oscar Investments has made an open offer to the shareholders of Oscar Investments to acquire 37,18,852 shares at Rs. 30 per share payable in cash to shareholders who surrender their shares through the open offer.

19 May 07 Alfa Laval Open Offer price increased

Alfa Laval’s swedish parent has increased the open offer price for acquiring 25.89% of Alfa Laval stock. The open offer price has been increased from Rs.875 to Rs.1300, making the open offer look very attractive now. However, I personally feel that Alfa Laval’s swedish parent will soon delist Alfa Laval India and offer a much higher price to Alfa Laval India’s minority shareholders. Hence, I’ve decided to hold on to Alfa Laval. I’m infact contemplating about buying more shares of Alfa Laval India. Wish me luck!

29 Apr 07 MICO open offer by Robert Bosch at a price of Rs.4000 per share

MICO has announced that its Germany parent, Robert Bosch, has launched an open offer to buy a 20% stake in MICO. Robert Bosch already owns a 60% stake in MICO. Robert Bosch will acquire the shares of MICO at Rs. 4000 per share, through the open offer. Following this announcement, the shares of MICO zoomed by 11.64% to Rs. 3823 making it the top gainer in the BSE A group category.