Jardine Matheson's offer for Jardine Strategic has room to be improved
Minority investors dealt the short end of the stick, says Justin Tang of United First Partners
Singapore
JARDINE Matheson's offer for Jardine Strategic has left some investors and observers dissatisfied, not least because of the lowball price but also by how the opposing votes by minority investors have been made inconsequential in this deal.
The deal, that sees Jardine Matheson pursuing by way of an amalgamation under the law of Bermuda where Jardine Strategic is incorporated, is certain to be secured as the offeror with an 84.9 per cent stake has said it will vote in favour.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
