MCS Steel Non-Voting DR 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 > New Offer

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Comment by Sportsnut78on Mar 22, 2017 6:29pm

135 Views

Post# 26017074

RE:RE:New Offer

As much as this offer is disappointing, I still feel this will go through. Starwood has a history with numerous acqusitions and they rarely, if ever, increase their bids. With no other bidders lining up, if the final vote is "no", then the share price will drop a few dollars and everyone is out from where they are today. I believe a lot of the big guys are saying "no" to see what additional value they can get, however I also believe they understand the downside of a "no" vote and that it will take time to get back to the current price today.

Because of this, I sold my shares today, as I see the upside very limited to the potential downside lurking (if the vote is "no").

To each his own, but this my view.

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