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Based on the notification stated in the Offer Document, the Independent Adviser Circular (IAC) will be announced on 16 March. The IAC is a document issued by the Securities Commission (SC) to provide neutral guidance to the target shareholders in assessing the fairness of the takeover offer, including the offer price and the plans of the Offeror, so that an informed decision can be made.
The falling price may be used as a psychological tactic to influence IJM shareholders. It pressures them to give up their shares and accept Sunway’s offer.
For those who bought the stock at a high price, holding on may no longer seem worth it. Accepting the offer might feel like the only practical option a way to cut losses and move on.
