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Indofood Agri gets buyout offer from Indomie maker at S$0.28 per share

Vivienne Tay

Vivienne Tay

Published Thu, Apr 11, 2019 · 09:50 PM

Singapore

THE maker of Indomie instant noodles is offering S$0.28 per share to take Singapore-listed Indofood Agri Resources private. The offer values the agribusiness group at around S$390.9 million.

The bid by Indofood Sukses Makmur comes at a 7.7 per cent premium to Indofood Agri's last traded price of S$0.26 on Apr 5, before trading was halted for the announcement.

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