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PT Bumi Serpong Damai (BSDE) Tender Offer SMDM, Harga Rp531

2024-12-17

PT Bumi Serpong Damai Tbk (BSDE) is set to carry out a mandatory tender offer for a significant number of shares of PT Suryamas Dutamakmur Tbk (SMDM). The offer involves 382.016.642 shares, which amounts to 8.01% of the total shares placed and fully deposited. BSDE has set the tender offer price at Rp531 per share, preparing a fund of Rp202,85 billion. The period for the mandatory tender offer is from 17 December 2024 to 15 January 2025, with the final payment date on 24 January 2025. It is known that BSDE has acquired SMDM from Top Global Limited with a transaction value of Rp2.33 trillion. BSDE took over 4.39 billion shares of SMDM at a price of Rp531 per share, spending Rp2.33 trillion to secure this acquisition. As of today, Tuesday (17/12/2024), the shares of SMDM have remained unchanged at the level of Rp520. However, SMDM's shares have seen a remarkable 172.25% increase throughout the year. The shares of SMDM have been on the rise along with the news of BSDE's acquisition. The highest increase in SMDM's shares occurred in July-August 2024. The transaction of BSDE in SMDM's shares owned by TGL was completed on 23 October 2024. (mkh/mkh)

Details of the Tender Offer

BSDE's decision to conduct this tender offer is a significant move in the business world. It shows the company's strategic intent and financial capabilities. The offer price of Rp531 per share is set based on various factors, including the market conditions and the value of the acquired company. This move is likely to have a significant impact on both companies involved. For SMDM, it provides an opportunity for its shareholders to sell their shares at a favorable price. For BSDE, it is a means to strengthen its position in the market and expand its business. The period of 17 December 2024 to 15 January 2025 gives enough time for shareholders to consider their options and make a decision. The final payment date of 24 January 2025 ensures the smooth completion of the transaction.

Acquisition and Its Impact

The acquisition of SMDM by BSDE is a major event that has attracted a lot of attention. With a transaction value of Rp2.33 trillion, this acquisition is a significant investment for BSDE. It allows the company to enter a new market and gain access to new resources and opportunities. The takeover of 4.39 billion shares gives BSDE a substantial stake in SMDM and enables it to influence the company's operations and decision-making. This acquisition also has implications for the shareholders of SMDM. Some shareholders may choose to sell their shares during the tender offer, while others may hold on to their shares and benefit from the potential growth of the company. The rise in SMDM's shares throughout the year is a testament to the market's confidence in the acquisition and the future prospects of the company.

Market Reaction and Future Outlook

The market reaction to the tender offer and acquisition has been mixed. While SMDM's shares have remained unchanged at Rp520 as of today, they have seen a significant increase of 172.25% throughout the year. This indicates that the market is optimistic about the potential of the acquisition and the future growth of SMDM. The highest increase in SMDM's shares in July-August 2024 suggests that there was a positive sentiment among investors during that period. The completion of the transaction on 23 October 2024 has also provided some stability to the market. Looking ahead, the future outlook for both BSDE and SMDM remains uncertain. However, the acquisition is expected to bring new opportunities and challenges for both companies. It will require careful management and strategic planning to ensure the success of the integration and the growth of the combined entity.