The offer price represents a premium of 12.5% over the 40 cents at which United Global was transacted at, before a trading halt was called on Dec 9. This represents a 16.2% premium over the six-month volume weighted average price per share of the counter.
Catalist-listed lubricant manufacturer United Global has received a privatisation bid that values the company at around $142.3 million.
The offeror – DWM Investments – plans to put in 45 cents for each share, under the voluntary unconditional cash offer, United Global states in its regulatory filing on Dec 10.
