Tuesday, 2 July 2013

Kulim (M) serves takeover notice on UK-listed New Britain Palm Oil Ltd

Kulim (M) Bhd has served a takeover notice on UK-listed New Britain Palm Oil Ltd to acquire up to 30,009,621 shares in the company for a total £165.05m (RM812.3m). The offer price represents a premium of 25.3% and 36.1% to the volume weighted average price of New Britain's depository interests on the London Stock Exchange in the past 30 and 60 respective trading days. (StarBiz)

Source: CIMB Daybreak - 02 July 2013

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