OSIM CEO revises offer to $1.39 per share

Shareholders should pounce on it, urge analysts.

OSIM International’s Chariman and CEO Ron Sim has revised has upped his voluntary unconditional cash offer from $1.32 to $1.39 for all the shares in the company.

According to a report by OCBC, Sim will make no further revisions to this final offer price.

Shareholders who take the offer will receive $1.39 per share, while those who receive the FY15 final dividend of $0.02/share will bag the adjusted $1.37 per share.

OCBC recommends that shareholders accept the offer, as the offer is reasonable—it reflects a 20.5x FY15 P/E, and 20.1x FY16 P/E while the stock lacks robust drivers for earnings growth.

The offer will close on 25 April 2016.