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468억 벌었지만…하이브가 웃지 못하는 이유
SM엔터테인먼트에 대한 카카오그룹의 공개매수가 마감된 가운데 공개매수에 참여하기로 밝혔던 하이브의 주가가 약세다. 카카오의 SM엔터테인먼트 공개매수 청약 최종 경쟁률이 2.2 대 1로 마감하면서, 남은 SM 주식을
n.news.naver.com
So that means KAKAO didn't have enough money to pay the people that took the tender offer?
So that means KAKAO didn't have enough money to pay the people that took the tender offer?
No, it means their offer was to buy only 35% but 79% was put to sale. So they buy proportionally.
So that means KAKAO didn't have enough money to pay the people that took the tender offer?
No, Kakao only committed to purchasing 35% (announced at the start of the tender offer) so they're only required to purchase 35%.
This outcome is expected because I doubt SM share price will ever reach 150k so I'm sure most of SM's minority shareholders tried to take part in the tender offer.
Not clear yet what Hybe will do with their remaining shares, I just hope they don't take too much of a loss.
No, Kakao only committed to purchasing 35% (announced at the start of the tender offer) so they're only required to purchase 35%.
This outcome is expected because I doubt SM share price will ever reach 150k so I'm sure most of SM's minority shareholders tried to take part in the tender offer.
Not clear yet what Hybe will do with their remaining shares, I just hope they don't take too much of a loss.
It's already down to 91k after the end of the tender offer
I guess they will hold the 8% for a long time then
I feel like everyone who can sell tried to take part in Kakao's tender offer. Seems like about 80% of shareholders participated - I suspect the remaining 20% are shares that for whatever reason have conditional stipulations. Share price won't reach 150k ever again, which is expected - Kakao's paying a premium for management rights.
I'm curious whether Kakao will broker a block sale for Hybe's remaining shares later in the year or if they'll be satisfied staying at 40% stake.
SM stock is settling at around 90k post-tender offer which also is expected since that was the price before management battle rights began back in January.
I thought kakao bought 20% and kakao ent bought 20% so 40% for kakao conglomerate
Did I read wrong?
I thought kakao bought 20% and kakao ent bought 20% so 40% for kakao conglomerate
Did I read wrong?
I thought kakao bought 20% and kakao ent bought 20% so 40% for kakao conglomerate
Did I read wrong?
That sounds right (since the tender offer was a joint venture by Kakao and Kakao ent) but at the end of the day all these shares will be Kakao Ent's.
Kakao the mothership must've really wanted SM because usually the parent company tries not to expose itself to its subsidiaries' risks. So Kakao corp felt it was worth stepping in.
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