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Felda Global shares sold down on proposed Rajawali deal

Acquisition works out to about 780 rupiah per share or a 72% premium over the target's Friday closing price

The Felda Global Ventures Holdings Bhd. headquarters stands in Kuala Lumpur, Malaysia, on June 28, 2012.

Kuala Lumpur

ALREADY the worst-performing plantation stock this year, Malaysia's state-owned Felda Global Ventures Bhd (FGV) appears to have made another misstep with its proposed purchase of plantation assets of Indonesia's Rajawali Capital International as investors, deeming the