Indofood raises buyout offer price for IndoAgri to 32.75 Singapore cents
This represents 26% premium to palm oil firm's share price of S$0.26 on April 5
Add BT as a preferred source
Sharanya Pillai
Singapore
INSTANT noodle heavyweight Indofood Sukses Makmur has raised its buyout offer price for Mainboard-listed Indofood Agri Resources (IndoAgri) to 32.75 Singapore cents per share, from 27.75 Singapore cents previously, according to a bourse filing by IndoAgri on June 2.
On May 31, CIMB had also announced the offer price revision for the palm oil firm in a Singapore Exchange filing on behalf of the offeror. Indofood does not intend to revise the final offer price.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
