What happens when a takeover happens and all the free float disappears? Here are two recent examples:

MAKRO – Takeover by CPALL and free float drops to single digits and for a short amount of time the stock price still shoots 30-40% above the takeover price, why? I have no idea!

RASA – The latest one, a reverse takeover by Singha Group’s property arm @ thb 1.87/share and yet the stock price shoots up to THB 3 at one point, why? I have no idea!
So what?

• Well its a trading opportunity, one not to be missed in the future.