More two-tier offers possible - with caveats
Structure may not suit all situations and may confuse shareholders, say industry watchers
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CONGLOMERATE Keppel Corp's recently concluded two-tier takeover offer for its listed property arm is the first deal with two price rungs in at least five years and could spark more similarly structured corporate buyout bids here, industry observers said.
Such offers could suit firms that intend to privatise a company they already own a controlling stake in, where the target stock is highly liquid, they noted.
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