Saint Gobain Sekurit Merger With Grindwell Norton ( Delisting Failed in 2012 )

Share holders of Saint Gobain feel short changed as the Delisting offer , in June 2012 @ Rs. 31 was nearly the double the current merger terms which , at current CMP of Grindwell Norton places  the Share Value of one share of Saint Gobin at merely Rs.14 . 

Swap Ratio : 17 shares of Saint Gobin = 1 Share of Grindwell Norton .

Sekruit Saint Gobain face value Rs 10/- and face value of 
Grindwell Norton Rs. 5/-


CMP of Grindwell Norton : Around Rs. 250 .

Share holders of Saint Gobain  feel that they are being punished now because they did not accept the Delisting Terms in June 2012

http://www.rareindianshares.info/2012/06/delisting-ofsaint-gobin-shares-fails.html

Please Click :-

http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/saint-gobain-sees-big-sell-off-post-plans-to-merge-grindwell-norton/articleshow/19686282.cms



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