JaiRai Posted April 25, 2013 Report Share Posted April 25, 2013 Article link: http://www.bloomberg...e-real-m-a.html Initial portion of article: "Billionaire Dhanin Chearavanont’s ambitions to create Southeast Asia’s largest retailer already wiped out $2.3 billion for CP All Pcl (CPALL) investors. Now, funding the industry’s most expensive bid may put more value at risk. Dhanin’s CP All, which runs more than 6,800 7-Eleven stores in Thailand, slid 10 percent in Bangkok yesterday -- the most in more than four years -- after saying it will pay $6.6 billion for discount wholesaler Siam Makro Pcl. (MAKRO) The offer is 41 percent above Siam Makro’s average price in the prior 20 days, a record premium for a retail deal in emerging Asia, according to data compiled by Bloomberg. CP All’s bid also represents the highest multiple to net income, the data show." Link to comment Share on other sites More sharing options...
Flashermac Posted April 25, 2013 Report Share Posted April 25, 2013 I wonder if he had anything to do with the government's rice purchase scheme. Link to comment Share on other sites More sharing options...
Dumsoda Posted April 25, 2013 Report Share Posted April 25, 2013 Far canel....it's only Petty Cash to him.... Boys like toys....and he's prolly already got everything else he wants. Link to comment Share on other sites More sharing options...
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