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Temasek's Olam offer turns unconditional

Offer period now extended till 5.30pm on May 23

TEMASEK Holdings' offer for Olam International has been declared unconditional, as the level of acceptances crossed the 50 per cent mark of Olam's maximum potential share capital. The offer period will now be extended till 5.30pm on May 23. Temasek said that it has received 6.5 per cent of Olam's maximum potential share capital in acceptances as at 5pm yesterday, adding to the 46.2 per cent it held with its concert parties when it launched the offer. The 177 million shares work out to 7.4 per cent...

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