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MAS urges shareholders to accept Khazanah buyout offer
Its audit committee finds the parent's offer fair and reasonable
Add BT as a preferred sourcePublished Wed, Oct 15, 2014 · 09:50 PM
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Kuala Lumpur
MALAYSIAN Airline System Bhd (MAS), the loss-making airline hit by two jet disasters this year, on Wednesday described the buyout offer from its major shareholder as fair, and advised its minority shareholders to accept it.
MAS' directors recommended the move after the audit committee, under the advice of independent adviser AmInvestment Bank, found parent Khazanah Nasional's offer "fair and reasonable", the company said in a stock exchange filing.
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