Yet another story based on sources. Plan to take Maxis private?
- Plan to take Maxis private?
By Adeline Paul Raj
bt@nstp.com.my
April 30 2007
MAXIS Communications Bhd’s controlling shareholder Tan Sri T. Ananda Krishnan is working on a multi-billion-ringgit plan to take the telco private, sources say.
The plan, which involves a general offer, may be unveiled as early as this week.
Maxis share price, which closed at an all-time high of RM13.20 twice last week, last traded at RM13.
A very simple cow sense questions for you my dearest Moo Moo Cow.
1. If there is so much value being private, why bother listing a company?
2. In a hot stock market, doesn't it make more sense to ride on the bullish stock market? As a private entity in a hot stock market environment, can the company create such value?
So if there is no valid reason for a company to go private, why such a story?
Who are these sources creating such stories? Why?
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