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
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh
GameStop CEO says eBay shut his account after buyout funding stunt
Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition
