I do feel that this time Temasek made the right decision. I agree that the sale of BAC was a sham. My head is still spiining from that single loss and I thot the reasons given were out of this world.

If Temasek pass up this opportunity, it may not come again. Given their dire state of indebtedness and less than promising prospects ahead, the company would be better off in the hands of the Abu Dhabi group. At least it will ensure it's survival. I feel sorry for those who paid $5-$9 per share for this sucker. Go take it out on mgmt(your last chance!)

I suspect the consolidation that they carried out recently was in preparation for a probable capital raising exercise between now and 2010. I can't see an end to this cycle.

This deal will go through.....no question about it. Temasick owns 62% of CSC and they already stated their support for the deal. Its also a relief for Temasick cos it will bring $$$$ them.

By itself, CSC is not worth anything near the offer price. Since its listing, except for 1 or 2 Q, it has lost $$$ every Q. So, this offer, at face value,  is extremely generous to Temasick....so is there more to it than meets the eye?

For the acquirer, ATIC, it makes sense to add this asset to their recently created 56% owned, Globalfoundries, a JV with AMD.....the world 2nd largest semiconductor company....2nd only to Intel.

Yep, this certainly contributes to CPF being able to extend 4% interest for a couple more years.......but hope Mama doesn't go out and mismanage our $$$$$ .... with the reluctance of Temasick to make organisational changes, history is likely to repeat itself.

Personnal opinion.

Farmer      ( Date: 07-Sep-2009 17:48) Posted: I wonder the deal from Abu can get thru' the investors(exclude Tamasick)? If it does, what if Tamasick were to try take it private like for the case of StatsChipac? After all, the amount it losses on ML or BAC & Barclay is more than enough to cover the cost!!!