SINGAPORE (Sept 25): Wheelock & Co announced its offer price of $2.10 for each Wheelock Properties (Singapore) (WPS) share and the offer closing date of 5.30pm on Oct 2 will be final

In a Tuesday report, OCBC Investment Research analyst Deborah Ong says there are three options available to shareholders, depending on when they bought the stock.

In Option 1, shareholders may choose to accept the offer. $2.10 in cash which represents a premium of 20.7% over the last transacted price prior to the announcement.

Meanwhile, the open market price of WPS has corrected 3% from $2.17 as of Sept 21 to $2.10 as of Sept 24 close after the latest announcement.

Read more on The Edge Singapore.