RM2.35 is still only an indicative price and the deal remains subject to negotiations, due diligence and approvals, this is not a guaranteed 15.2% return. If the deal fails and YINSON falls to around RM1.71, you would lose about 16.2%, meaning the deal needs roughly a 52% probability of completion just to reach break-even on an expected-value basis; if the post-failure value is RM1.80 or RM1.90, the break-even probability falls to about 42% or 31%, respectively

It will be higher. This is a notional pride. If I were Lim, why should I let go at 2.35? Look at 5 years chart, Yinson traded at 2.50 levels. I would expect probably at least a 10%-15% premium abovethe 5 year average. Even 2.75-3 is not expensive for a growing company