
ccloh Strategic Investor Zone
2021-11-27 23:38:09
Stock Incubator Part 1.4 -- Nordic Group
With reference to the news dated 10th Nov 2021 of Nordic Group launched an acquisition of Starburst Holdings Limited. The announcement was for Nordic Group to acquire Starburst with a pre-conditional voluntary offer. The offer shall only be triggered when it has satisfied or waived off the pre-condition on or before 10th February 2022. Should the deal go through, the offer will be S$0.238/share in cash to all Starburst Holdings Limited's shareholders.As a shareholder of Nordic Group since 2014, this piece of news really caught me off guard. Firstly, Starburst Holdings Limited is not a competitor of Nordic Group in term of business. While Nordic Group's business is mainly focused on O&G or O&M sector, Starburst on the other hand is focused on the milita