Even if delisting finally arrives, so what? The stock has at most upside to 30 cents -- the price the company will pay as stated in announcements. Market trading already 26.5cents.
The Long Stop date coming up (31 Mar 2013) in the agreement with the private equity funds. I am hearing coffeeshop talk that the delisting plan is v likely to crystallise.
My guess is initially after the announcement of a solid plan, the stock can go up to 28.5 or 29 cents. There is a 1-1.5 cent meat for those who buy and would like to wait for the 2-3 month period after that for the offer documents and other procedures + approvals before CAH pays out the 30 cents.
CAH has been in hibernation for about 2 years! Cannot cross 30 cents - after the management signalled its intent to delist from SG.
The efforts keep getting bogged down.
"The Company wishes to update Shareholders that it has today agreed with Themes and SEB Listed PE Fund to extend the Long-Stop Date under the Subscription Agreement from 31 March 2013 to 30 June 2013."
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