PETALING JAYA: Research analysts are divided on whether investors should cash out on Permodalan Nasional Bhd's (PNB) offer to acquire property developer SP Setia Bhd's shares at RM3.90 per share and 91 sen per warrant.
Some analysts advised investors to accept the offer, which represents a premium of 11.4% for the ordinary shares and 97.8% for the warrants compared with the closing prices on Tuesday, while others said investors should adopt a “wait and see” attitude in view of the possibility of a higher offer price or counter-bid situation.