The price also represents a premium of 41.59%, 20.39% and 16.36% over the volume-weighted average price (VWAP) of Ossia’s shares for the one-, three- and six-month periods.
Ossia International’s Goh brothers, Goh Ching Wah, Goh Ching Huat and Goh Ching Lai, is seeking to take the company private via a voluntary unconditional cash offer of 16 cents per share.
The offer price represents a premium of around 41.59% over Ossia’s last traded price of 11.3 cents on May 9. The company called for a trading halt on May 13.
