Riady family drives home key terms of Auric Pacific takeover

Singapore

SOMETIMES, a single announcement stating the terms of a takeover offer just isn't enough for minorities to wrap their heads around, as Indonesia's Riady family has quickly discovered.

After revealing their takeover bid for the first Singapore-listed company in their sprawling stable Auric Pacific Group one week ago at a final price of S$1.65 cash a piece, one of Indonesia's wealthiest families has had to drum home the key points once again.

In an announcement to the Singapore Exchange on Tuesday, the offeror Silver Creek Capital - a vehicle jointly owned by Stephen Riady and son-in law Andy Adhiwana - stressed that the takeover offer for the food conglomerate best known for making Su…