Temasek's Olam offer fair but not to all
It is not reasonable on a see-through price basis for convertible bondholders, say Olam independent directors
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ROTHSCHILD, the independent financial adviser (IFA) to Olam International, has declared Temasek's offer to be "fair and reasonable" for shareholders and warrant holders, but not so for those who own its convertible bonds.
Olam's independent directors are therefore recommending that shareholders and warrant holders accept Temasek's offer, if they believe that no higher offer will emerge.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
