Jardine Strategic offer is 30% off net asset value; deal could affect ST Index
But Jardine Matheson's US$5.5b deal set to go through given size of its stake; move could see Frasers Logistics & Commercial Trust join STI: analysts
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ANALYSTS have noted the offer price of US$33 for Jardine Strategic Holdings is at a significant discount to its net asset value for a done deal through which the Jardine empire will untangle its decades-old cross-holding with Jardine Matheson Holdings buying out the remaining stake in Jardine Strategic.
Analyst Brian Freitas, who publishes on Smartkarma, said that the offer price represents a 30 per cent discount to Jardine Strategic's estimated net asset value of US$46.67 a share, even though it is a 20.2 per cent premium to the close of US$27.45 last Friday
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