Perennial-Yanlord bid for UE is 'fair': adviser
Holders of UE common stock and preference shares should accept consortium's offers unless they can get a better price on the open market, says SAC Capital
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE takeover bid for United Engineers (UE) by a consortium led by Perennial Real Estate Holdings and Yanlord Land Group is "fair and reasonable", the independent financial adviser to the independent directors said in a report.
Holders of UE's common stock and preference shares should accept the bidding group's offers - S$2.60 per common share and S$2.60 per preference share - unless they can get a better price on the open market, the adviser, SAC Capital, said.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
