following on my post about maxis being taken private (which I'm supposed to elaborate further but I didn't) right after it was suspended from trading/taken private it was announced that Saudi telco ("STC") is buying into Maxis with 25% stake at a price that's roughly 5% higher than being offered to take it private.

AHAHAHHAHA!!!

Told you lots that there are more to this than meets the eye (like transformers lah)

Some say that AK wants to enjoy that 5% premium paid by Saudi Telco alone and that's why he wants to take it private.

I though think that he benefits more by taking it private at such a high price by forcing any would be buyer of maxis to pay higher than the VGO or take private price of RM15.60. The average cost of his entire maxis stake (old ones at IPO and new ones bought from the market roughly 45%) is still way lower than the RM15.60 paid. Thus any sales at or about that price will be pure profit.

Sound thinking eh?

Well, it is all the sweeter as STC with its considerable pile of money will jointly invest in maxis overseas operations.

cool eh?

told you not to agree with the VGO.

ehehehehhehe