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Biosensors names Evercore Asia as adviser for Citic takeover offer
THE independent directors of Biosensors International Group has appointed Evercore Asia (Singapore) to provide independent financial advice on a takeover offer by a unit of Citic Group.
Citic Private Equity Funds Management Co is offering 84 Singapore cents per share to privatise Biosensors, a maker of coronary stents and other medical devices. The offer price was at a 24 per cent premium to Citic's pre-deal price of about 68 Singapore cents.
Biosensors stock traded at 80 Singapore cents as at 9.45am on Friday.