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Posted by
admin 919 days ago
(http://emailwire.com)
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(EMAILWIRE.COM, December 13, 2010 ) New York, NY-It must be a crazy day for the shareholders of Supatcha Resources Inc (OTC:SAEIE) as the company just an hour ago said that it has been approached by OXM Group (OXM) to acquire Supatcha Resources for hefty price of $1.75 a share, representing a premium of about 343% from the closing price of SAEI on Thursday.
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Supatcha Resources is now discussing with its advisors to respond the OXM Group's offer. Following the announcement, shares of SAEI have soared 75% to a high of $0.93 on hefty volume of 18.64 million.
It would be interesting to how the management will react to the offer and if accepted, shareholders could generate another 150% return from the current market price.
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epicstockpicks
Editor
732-229-0668
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Source: EmailWire.Com
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