MAS urges shareholders to accept Khazanah buyout offer

Kuala Lumpur

MALAYSIAN Airline System Bhd (MAS), the loss-making airline hit by two jet disasters this year, on Wednesday described the buyout offer from its major shareholder as fair, and advised its minority shareholders to accept it.

MAS' directors recommended the move after the audit committee, under the advice of independent adviser AmInvestment Bank, found parent Khazanah Nasional's offer "f…