Classic Filaments open offer

acquirer has already signed SPA to aquire 68% company with the promoters at the price of 10 rs per share, and now has made an offer to the public for 12 rs per share to sell him the share. With this new management will come, and whole sale textile business company might see turnaround. but the issue is valuation, right now the share price is 28rs per share. In the past if the new management gives really nice futuristic hope market still give higher valuation. it would be nice to see how this company will play out. But if some high risky investor want to play its hand dont put more than 1% in this kind of companies at this stage.