{"id":1862,"date":"2024-01-15T14:20:59","date_gmt":"2024-01-15T14:20:59","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=1862"},"modified":"2024-01-15T14:31:21","modified_gmt":"2024-01-15T14:31:21","slug":"psmc-buyout-price-determined-at-rs-609-by-psx","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/psmc-buyout-price-determined-at-rs-609-by-psx\/","title":{"rendered":"PSMC buyout price determined at Rs. 609 by PSX"},"content":{"rendered":"\n<p>In a <a href=\"https:\/\/dps.psx.com.pk\/download\/attachment\/223870-1.pdf\" target=\"_blank\" rel=\"noopener\" title=\"\">notification<\/a> sent to the PSX on 15\/01\/2024, the Voluntary Delisting Committee of the PSX announced that it had determined the minimum PSMC buyback price to be <strong>Rs. 609<\/strong>. Pakistan Suzuki Motors Company (<strong>PSMC<\/strong>) had initially offered a buyback price of <strong>Rs. 406<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What happens now?<\/h2>\n\n\n\n<p>PSMC has 10 days to respond to this announcement. If it accepts the determined price, then shareholders of the company can expect to receive at least <strong>Rs. 609<\/strong> per share.<\/p>\n\n\n\n<p>However, in case the company rejects this assessment, it has the option of withdrawing its initial delisting notice. Were that to happen, the stock price is likely to crash to the pre-delisting price of around Rs. 150. Considering this risk, and its current price of <strong>Rs. 774.61<\/strong> at close today, it is unlikely that shareholders can benefit from buying the stock currently. We already covered that price arbitrage at this point is <a href=\"https:\/\/ksestocks.com\/blog\/should-you-trade-psmc-share-in-the-current-environment\/\" target=\"_blank\" rel=\"noopener\" title=\"Should you trade PSMC share in the current environment?\">too risky<\/a> with minimal upside.<\/p>\n\n\n\n<p>The price should settle somewhere below Rs. 600 in the next few days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Voluntary Delisting Committee of the PSX announced that it had determined the minimum PSMC buyback price to be Rs. 609. Pakistan Suzuki Motors Company (PSMC) had initially offered a buyback price of Rs. 406.<\/p>\n","protected":false},"author":8,"featured_media":1046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[58],"class_list":["post-1862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-psmc"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/11\/suzuki.webp",480,270,false],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/11\/suzuki-463x270.webp",463,270,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/11\/suzuki-300x169.webp",300,169,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/11\/suzuki.webp",480,270,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/1862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=1862"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/1862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/1046"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=1862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=1862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=1862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}