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PE firm Northstar offers S$331m for Innovalues

Shareholders can choose full cash or combination of cash and shares subject to cap; offeror plans to delist the precision manufacturer

Singapore

PRIVATE equity firm Northstar Advisors has launched a S$331.4 million takeover offer for Innovalues Limited via a scheme of arrangement - a deal that heralds the delisting of yet another listed company.

Offering to acquire Innovalues shares at S$1.01 each via special...

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