MCS Steel Non-Voting DR T.MST.UN

Primary Symbol: MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise buildings such as office buildings, hotels, shopping malls, and others. There are two types of steel structures produced by the Company: the steel structure used as a column-box and the steel structure used as beams, which are important components of the building. Its subsidiaries include Tanaka Welding Center Co., Ltd., which is focused on welder training and real estate; M.C.S.-Japan Co., Ltd., which is engaged in the design and production of structural steel products; and M.C.S. Steel-Xiamen Co., Ltd., which is engaged in the production and distribution of structural steel products.

GREY:MSTUF - Post by User

MCS Steel Non-Voting DR > Buyout Price

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Comment by snewguyon Feb 08, 2017 4:24am

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Post# 25814630

RE:RE:Buyout Price

I don't know how accurate the numbers are, but Morningstar says institutions and mutual funds own 1.32 billion CDN in equity. If there are say 80.5 million shares at 21.35, that gives a value of 1.72 billion. Rough numbers but that is 76%ish. They need 67% to approve the takeover.

The average investor may not submit a vote but I would think the big boys will. And some of them will vote for the quick money and move on. We will see.

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