Cash offer of S$0.215 per share for POSH 'fair and reasonable': IFA
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Tay Peck Gek
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Singapore
PROVENANCE Capital, the independent financial adviser (IFA), has advised the recommending directors of PACC Offshore Services Holdings (POSH) to recommend that shareholders accept the cash offer of S$0.215 per share because it is "fair and reasonable".
The IFA's opinion was reported in the circular dated Nov 28 and despatched on the same day to shareholders.
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