The offer is also at a similar premium of 178.9% over Isetan Singapore (SGX:I15
) 's NAV of $2.58 per share.
Isetan Mitsukoshi Holdings, the controlling shareholder of Isetan (Singapore) is offering to take the latter private at $7.20 per share, valuing the company at around $309 million.
The offer price is at a premium of 173.4% over the last traded price of $2.63 on March 28.
