What will be the next takeover price offer?

If we take a quick look at the previous price being offer on table, I think both party is very stingy conservative in pricing.

In year 2005, JG Summit, which is the investment vehicle of Filipino-Chinese tycoon John Gokongwei, offered to buy the rest of UIC for S$1.09 per share after its interest in the company exceeded the 30 percent threshold.

In year 2009, UOL Group announced a mandatory conditional cash offer of S$1.20 per share for United Industrial Corporation Limited.

Today, UIC is selling at $2.50 at peak now.