The Business Times
business-time-50

JDE makes RM1.47b offer for OldTown

Dutch coffee giant is offering RM3.18 per share for Malaysian coffee firm through indirect wholly-owned unit Jacobs Douwe Egberts Holdings Asia

google-preferred-sourceAdd BT as a preferred source
Published Tue, Dec 12, 2017 · 09:50 PM

Singapore

DUTCH tea and coffee giant Jacobs Douwe Egberts (JDE) has put out a RM1.47 billion (S$487.73 million) offer to acquire Malaysian coffee company OldTown.

JDE is offering RM3.18 per share for the operator of OldTown White Coffee chain through its indirect wholly-owned unit Jacobs Douwe Egberts Holdings Asia, the companies said in a statement on Monday.

TRENDING NOW

Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

Canada’s fight with the US has far bigger stakes than trade

Mapletree Logistics Trust has been cited as offering “valuation appeal” as it trades at a “below-average” price-to-book value multiple.

Hunting for yield? DBS analysts bet on S-Reits over bank dividends

Despite numerous crackdowns, South-east Asia’s multibillion-dollar cyberscam industry has proven remarkably resilient. 

Rooting out the scam scourge in South-east Asia

However, even as all three companies expect to continue riding the AI boom, the extent and pace of earnings growth are likely to vary among them.

Falling AI token costs could fuel next leg of Singapore semiconductor rally: analysts

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More