Founders taking Spindex private at S$0.85 a share
Offer represents premium of 21.4 per cent over last traded price on Wednesday
Singapore
SINGAPORE-LISTED Spindex Industries Limited has received a cash offer from its founding Tan family, who offered to acquire all the shares of the group at 85 Singapore cents apiece under a scheme of arrangement.
The offer price represents a premium of 21.4 per cent over the last traded price on Wednesday and 23.4 per cent over the volume weighted average price for the three-month period up to and including Feb 8. Trading of the shares was halted on Thursday and will be lifted on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
Shell exits China power market businesses
DuPont beats profit estimates, raises full-year forecasts
Binance founder Zhao Changpeng gets four months in prison
Apple set for big sales decline as investors await AI in iPhones
Microsoft, Brookfield to partner on renewable energy projects