BREADTALK STOCK PRIVATISATION BID: COULD I HAVE ONE THING PLEASE?

Dear readers, it was earlier reported today that Breadtalk stock is likely to be privatised. Breadtalk Group’s George Quek, his wife and a substantial shareholder have made an offer to acquire all Breadtalk shares at S$0.77 apiece with a view to delist Breadtalk stock. Breadtalk stock last traded at $0.645 and hence the offer is almost a 20% premium to this last traded price.

I am not surprised of the likely privatisation of Breadtalk Group given that the LOCAL retail food and beverages scene is a highly competitive one and not to mention the limited size of Singapore’s market.

While Breadtalk group has expanded overseas in search of a bigger market; like what I have been sharing with readers, I have noted that quite a number of locally-listed companies falter when diversifying into overseas markets. Simply because, the competition and challenges out there are even more multi-faceted.

Now that Breadtalk is likely to be privatised, I would like just for cheaper breads with cost savings from delisting. Because, though I like Breadtalk’s Bread floss buns, I find it too expensive to pay about $2 for a floss bun. Let us have $1 floss bun post-privatisation please!

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