Satyam CMP vs open Offer Price

#1
I have a query on this:
Satyam is currently available at 47 range and the open offer price is Rs 58 per share. If we purchase at the CMP ie at Rs 47 and sell at open offer, we can easily earn a profit of Rs. 11 per share without any risk.
But I know this is not the case. Some buts nad ifs are there.
can someone please elaborate why the satyam price is not moving upto Rs 58/- level with facts and figures?
 

Xaero

Active Member
#2
I think because the open offer is only for 20% so if you buy today and they don't take your shares?
 

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