I have a holding in a Japanese company called Fukuda Denshi. My broker has informed me there is an offer to acquire the shares of Fukuda Denshi. The bid amounts to 6721 JPY per share.
However, the shares are currently trading on the open market for about 9120 JPY per share. So it seems the offer is nearly 30% below market value!
Is such a low offer normal? What’s in it for sellers? Why would people part with their shares for 30% below the current market value?