Nordic Group's offer for Starburst closes with 94.3% valid acceptances
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NORDIC Group's voluntary offer for Starburst Holdings has closed on Monday (Mar 7), with valid acceptances representing around 94.3 per cent of the total number of issued shares of Starburst Holdings, according to a bourse filing.
As the offeror has received valid acceptance crossing the 90 per cent threshold, the offeror is entitled and intends to exercise its right of compulsory acquisition of the remaining shares at the offer price of S$0.238.
Following the compulsory acquisition, the offeror will proceed to delist Starburst Holdings from the Singapore Exchange.
Shares of Starburst Holdings last traded at S$0.24, before a trading halt was called on Friday morning.
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