Asia Pacific - TAKE-OVER BID! - 500 Beiträge pro Seite

[Kursziel000001]

Asia Pacific Enters Into Pre-Acquisition Agreement For Cash Take-Over Bid
3/17/2006

TORONTO, ONTARIO, Mar 17, 2006 (CCNMatthews via COMTEX) --

Asia Pacific Resources Ltd. (TSX:APQ)(FRANKFURT AND STUTTGART STOCK EXCHANGES:APQ)(OTCBB:APQCF) announces that it has entered into a pre-acquisition agreement with SRMT Holdings Limited (the "Offeror"), a New Brunswick corporation related to Italian-Thai Development Public Company Limited ("ITD"), a public company domiciled in the Kingdom of Thailand.

Pursuant to the pre-acquisition agreement, and subject to the terms and conditions thereof, the Offeror will make an offer to purchase (the "Offer") not less than two-thirds of the common shares of Asia Pacific (including common shares issuable upon the exercise of outstanding options and warrants) for a price of C$0.1425 per share. The offer price represents a 35.7% premium to the closing price on the Toronto Stock Exchange on the day before the pre-acquisition agreement was executed. The Offeror will also offer to purchase the warrants of Asia Pacific for a price of $0.0175 per warrant (being the difference between the offer price for the common shares and the exercise price of the warrants). The warrants currently will expire on May 26, 2006. However, the pre-acquisition agreement contemplates that the expiry date of the warrants can be extended in certain circumstances, subject to regulatory approval.

The Offer will be made for common shares and warrants (collectively the "Sought Securities") to all holders in Canada, the United States, the Cayman Islands (see the description of the support agreement below) and elsewhere in the Offeror`s discretion. The pre-acquisition agreement contemplates that the Offeror will have 21 days to provide to Asia Pacific copies of a standby letter of credit or other form of recognized documentary credit demonstrating the ability to pay for the Sought Securities deposited under the Offer as well as approval of the Bank of Thailand for the foreign exchange to make the Offer and that the Offer will be mailed to shareholders within 37 days (subject to a maximum extension of 15 business days, if necessary, to enable Asia Pacific to satisfy the condition precedents to making the Offer, and a further maximum period of 5 business days for the Offeror to finalise the offer documentation). If either of the foregoing does not occur within the specified time period, Asia Pacific will have the right to terminate the pre-acquisition agreement.

If the Offer is made for all of the common shares and, within 120 days of the Offer, it has been accepted by the holders of not less than 90% of the outstanding common shares (other than common shares held by the Offeror and its affiliates), the pre-acquisition agreement states that the Offeror presently intends to acquire the remaining common shares pursuant to the compulsory acquisition provisions of the New Brunswick Business Corporations Act. In addition, if the statutory right of acquisition is not available, the pre-acquisition agreement states that the Offeror intends, to the extent possible, to pursue other means of acquiring the common shares not deposited under the Offer.

John Bovard, President and Chief Executive Officer of Asia Pacific said that "Asia Pacific has said for the past two years that it was pursuing commercial discussions with parties in Asia for the development of its potash resources in Udon Thani, in northeast Thailand. In particular Asia Pacific has sought interested parties with access to capital and to development resources that can expedite approval of the mining license and subsequent construction of, and production from, this valuable resource."

Mr. Bovard continued, "it has been increasingly apparent that obtaining a mining license for this project in Thailand requires a degree of local knowledge and financial capability which a company like ITD possesses."

"We are, therefore, pleased to announce this transaction. The Offeror will make an all cash takeover bid for a minimum of 66.66% of the shares of Asia Pacific at a price which represents a 26% premium to the 20 day weighted average price. Upon successful completion of the Offer, the project will be controlled by a company associated with ITD, a public company in Thailand that has the resources and capability to take the project forward. For Asia Pacific this has meant a change of direction but will allow shareholders to realise value at a premium to market price."

Mr. Bovard added that "ITD is a pre-eminent Thai and international civil and infrastructure contractor that has over thirty years experience in the mining industry. They have set very high standards for mining works and have been actively pursuing opportunities to participate in mining projects both within Thailand and the neighboring countries."

Die vollständige News:

http://www.stockhouse.com/news/news.asp?newsid=3501061&tick=…

[borazon]

Schade. Hab mir vor ein paar Tagen erst gedacht, da könnte ich aus Mangel an Alternativen mal einsteigen, nachdem ich das Ding seit über 2 Jahren auf der Watchlist habe.

[Kursziel000001]

Asia Pacific Resources announces $85 million takeover deal
10:10:28 EST Mar 17, 2006

http://www.cbc.ca/cp/business/060317/b031722.html

TORONTO (CP) - Asia Pacific Resources Ltd. (TSX:APQ) said Friday it has received a friendly $85.3 million takeover offer from a Thai company.

Under an agreement with SRMT Holdings Ltd., a subsidiary of Italian-Thai Development Public Co. Ltd., Asia Pacific would receive 14.25 cents (da hat sich jemand verschrieben: 0.145 cents) per share, a 35.7 per cent premium over its closing price on the Toronto Stock Exchange the day before a pre-acquisition agreement was signed.

"Asia Pacific has said for the past two years that it was pursuing commercial discussions with parties in Asia for the development of its potash resources in Udon Thani, in northeast Thailand," president and CEO John Bovard said in a release.

"It has been increasingly apparent that obtaining a mining license for this project in Thailand requires a degree of local knowledge and financial capability which a company like ITD possesses."

Asia Pacific`s board has given its unanimous support to the deal, which requires the tendering of at least two-thirds of Asia Pacific stock to the bid and customary regulatory approvals.

[ulfur]

Seit Mai 2003 hängt der Antrag auf den Minenabbau in der thailändischen Bürokratie fest und ein Ende des Genehmigungprozeßes ist nicht absehbar.

Wenn die thailändische Firma APQ übernommen hat, vielleicht klappt´s dann ruckzuck mit der Konzession.

[bricio7]

Antwort auf Beitrag Nr.: 20.800.825 von Kursziel000001 am 18.03.06 12:14:51

Hallo kannst du mir vieleicht sagen ob man das
Barabfindungsangebot von der SRMT Holdings Ltd für 0,1425 CAD annehmen sollte, oder wie verhalte ich mich am besten.
Benötige einen guten Rat, den ich kenne mich
zu wenig aus.
Danke im Voraus [e-mail]

[bricio7]

Antwort auf Beitrag Nr.: 20.868.037 von ulfur am 20.03.06 13:14:13

Hallo,wie Verhälst du dich jetzt, nimmst du die
angebotene Barabfindung der SRMT Holdings für 0,1425 CAD
an oder was denkst du sollte man tun ?
Danke Bricio7

[ulfur]

Sorry bricio7,

habe erst heute Deine Frage gelesen. Die Umtauschfrist ist nun schon um.

Das Umtauschangebot wurde von den meisten angeboten, aber SRMT hat noch nicht über 90% der Aktien. Damit gibt´s im Augenblick wohl noch keine Zwangsabfindung.

Für den Großteil meiner Aktien habe ich das Angebot angenommen, einen kleinen Teil halte ich noch, mal sehen ob noch ein besserer Kurs kommt. Da der Börsenkurs ständig unter dem Angebotskurs dümpelt, vermute ich, daß SRMT über kurz oder lang doch noch über 90% kommt und die restlichen Aktionäre rausdrängen kann.

[bricio7]

Danke, für das Antwortschreiben.
Habe auch alle meine Aktien, angeboten.

Nun heißt es abwarten, denke aber wie Du!

Bricio7

[bricio7]

Hallo, heute habe ich von meiner Bank
die Mitteilung erhalten das alle Aktien verkauft habe.

Nun mal sehen wie es weiter geht!!

Schüss