
The Offer is open for tender until 12:00 midnight, New York City time, on 7 June 2007, 12:00 noon, Singapore time, on 7 June 2007 or such later date(s) as may be announced from time to time by or on behalf of Connect.
According to the terms of the Offer, Connect will pay US$10.00 net in cash per share, without interest, for all issued ordinary shares of PacNet, other than those shares already owned by Connect.
The Offer price represents a premium of approximately 9.77% over US$9.11, the reported closing price of PacNet shares on 11 January 2007, the last trading day on the Nasdaq Global Market before Connect made known its intention to make the Offer.
PacNet shares closed at US$9.83 on 27 April 2007.
Connect currently owns 4,121,287 shares, or approximately 29.78%, of the issued shares of PacNet.
What's the impact gonna be on MEDIARING??...

now wake on Tuesday lioa....
Media Ring seem quiet after the Vantage announcement, something coming up very soon?
MR has done well to be able to channel call from UK, US, Australia to call centre based in Singapore for SIA. Seem like a good biz solution. Imagine if other companies also like the idea of managing their own call centres in their back yard. Would the acquisition of Pac Net enlarge it coverage? Would it ensure the quality of the VOIP? Sounds like a ten bagger? I hope. Vested
opening so strong, bbs playing now
09:04:23 | 0.450 | 3,300,000 | Buy Up |
09:04:23 | 0.445 | 10,000 | Sell Down |
09:04:21 | 0.445 | 3,000 | Sell Down |
09:04:14 | 0.450 | 30,000 | Buy Up |
09:04:09 | 0.450 | 1,000 | Buy Up |
09:03:53 | 0.445 | 77,000 | Buy Up |
09:03:48 | 0.445 | 50,000 | Buy Up |
09:03:44 | 0.445 | 50,000 | Buy Up |
09:03:40 | 0.445 | 50,000 | Buy Up |
09:03:39 | 0.445 | 93,000 | Sell Down |
09:03:38 | 0.450 | 1,000 | Buy Up |
09:03:30 | 0.445 | 8,000 | Sell Down |
09:03:21 | 0.445 | 9,000 | Buy Up |
09:03:18 | 0.445 | 20,000 | Buy Up |
09:03:11 | 0.445 | 50,000 | Buy Up |
09:03:04 | 0.445 | 15,000 | Buy Up |
09:03:00 | 0.445 | 10,000 | Buy Up |
09:02:56 | 0.445 | 10,000 | Buy Up |
09:02:54 | 0.445 | 30,000 | Buy Up |
09:02:44 | 0.445 | 40,000 | Buy Up |
09:02:24 | 0.445 | 100,000 | Buy Up |
09:02:16 | 0.445 | 100,000 | Buy Up |
09:02:00 | 0.445 | 50,000 | Buy Up |
09:01:46 | 0.445 | 30,000 | Buy Up |
09:01:29 | 0.445 | 50,000 | Buy Up |
09:01:26 | 0.445 | 10,000 | Buy Up |
09:01:26 | 0.445 | 20,000 | Buy Up |
09:01:13 | 0.445 | 50,000 | Buy Up |
09:01:07 | 0.445 | 4,000 | Sell Down |
09:00:53 | 0.445 | 20,000 | Sell Down |
09:00:50 | 0.445 | 15,000 | Sell Down |
09:00:46 | 0.445 | 41,000 | Buy Up |
09:00:41 | 0.445 | 50,000 | Buy Up |
09:00:35 | 0.445 | 10,000 | Buy Up |
09:00:30 | 0.445 | 10,000 | Buy Up |
09:00:23 | 0.445 | 14,000 | Sell Down |
09:00:18 | 0.445 | 36,000 | Buy Up |
09:00:08 | 0.445 | 74,000 | Sell Down |
09:00:06 | 0.445 | 26,000 | Buy Up |
09:00:02 | 0.445 | 250,000 | Buy Up |
08:59:03 | 0.445 | 663,000 | X |
Description:
software. The company also provides international telephony services and Internet voice
services.
Immediate outlook:
trading Idea 19 Jan). The share price hit a high of S$0.48, even surpassing our MT target
of S$0.45. It broke out of its consolidation triangle yesterday. Both technical indicators are
looking bullish right now. Technical Buy now at S$0.39-0.41 and place a stop below its
200-day SMA, at S$0.355. The ST breakout target is S$0.48.
Medium term outlook (2-6 months):
positive bias. It is still stuck in its 2-year consolidation triangle. MT indicators are about to
turn positive again. Hence, we think a breakout beckons sometime in the short to mediumterm.
LT investors should buy half now and accumulate the rest on any weakness as the
Support & resistance S2 S1 Last Price (S$) R1 R2
medium term target points to S$0.54.
0.31 - 0.32 0.36 - 0.375 0.41 0.465 - 0.48 0.53 - 0.54
CIMB-GK