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Revisions

Cosco's offer for Cogent 'fair and reasonable', says adviser CIMB

PC Lee Published on Thu, Dec 07, 2017 / 10:38 PM GMT+8

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SINGAPORE (Dec 7): CIMB Bank says Cosco Shipping International’s $1.02 per share offer for Cogent is fair and reasonable under prevailing market conditions.

See: Cogent gets $1.02 per share cash offer from Cosco Shipping

As independent financial adviser to the deal, CIMB has recommended Cogent's independent directors advise shareholders to accept Cosco's offer to take the company private, or sell their shares in the open market if they can get a higher than $1.02.